I am a Registered Dealer under Central Excise.I sold some material to a manufacturer.The Manufacturer returned back some material under its Invoice mentioning 'rejected and returned back' the details of my Invoice No etc.Pl guide me can I take entry of manufacturer Invoice as my purchase and take credit of excise for further passing.OR if there is separate procedure for this type of transaction.
CENVAT Credit can avail as per Rule 11 invoice. If the manufacturer returned back the goods " as rejected" on the basis of document issued by the manufacturer, you can take CENVAT Credit. There is no separate procedure prescribed under the rule.
Procedure is mentioned under Rule 16 of Central Excise Rules. Pls check
If I take cenvat credit on the basis of Manufacturee Invoice issued as rejected then please clarify
Manufacturer charge Excise as it was recd to it by my Invoice (Dealer Invoice)which shows excise duty per M.T .In that case assessable value does not tally with Excise Amount (In terms of %).
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