Sir/Madam,
If some goods were despatched in Feb'12 ( @ 10% excise), & returned in April'12(after changing rate @ 12%), what will be the rate of excise in return entry?
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Excise on returned goods
Replies (1)
What I understood from your query that, you sold goods on FEB @ 10% duty and returned the same goods on April. You can utilize the Credit at 10% duty originally charged. If same goods returned without any further process, the same amount of duty should be reversed, not @ 12% of duty.
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