excise invoice rectification

Dear All

 

I have made an excise invoice from my factory, the same will have the factory address & divisions reference. The fatcory is at shimoga - Karnataka

At a later stage if i feel i have underinvoiced i raise a dr. note & the same is done from my head office which is at delhi.

Is this ok as per excise rules as all my credit notes & debit notes raised in relation to a particular sale are raised at H.O level with H.O address.

 

Regards

 

Aravind

Replies (3)
Originally posted by : vsaravind @ hotmail.com

Dear All

 

I have made an excise invoice from my factory, the same will have the factory address & divisions reference. The fatcory is at shimoga - Karnataka

At a later stage if i feel i have underinvoiced i raise a dr. note & the same is done from my head office which is at delhi.

Is this ok as per excise rules as all my credit notes & debit notes raised in relation to a particular sale are raised at H.O level with H.O address.

 

Regards

 

Aravind

u hv to issue supplimentary invoice and pay duty , in further course of sale, be careful for valuation under sec 4, coz random change of valuations will invite trouble for the unit. 

Dear Aravind,

Issueing of Dr note and Cr note from HO for exisable coomidity is not correct. supplementary invoice should be raised from factory only.

As righly pointed out by Mr shrama, you may lend in problem for valuation if you are changing the price.

 

Regards,

hhhhhhhhhhhhhhhhhhhhhhhoooooooooooooooooooooo

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