One of companies in AP sold goods to its client in Chennai. The company paid the Excise Duty on the sales to the Government,
Now they receive 50% of the material back because of some reason. The Chennai client did not make the payment inclusive of Excise Duty, instead made the payment without Excise Duty.
HOW CAN THE COMPANY CLAIM THE AMOUNT OF EXCISE DUTY PAID ALREADY TO THE GOVERNMENT.
a) What if the Return of the Material is through Excise Invoice?
b) WHat if the Material returned only through a DC only with original INvoice?
Important Please reply.
CAclubindia
