Excise supplimentery invoice

dear sir,

we are dealer and received an invoice form manufacturer on 23/3/12 for some item. in the invoice ED was charged 10.3% instead of 12.36%. we bring it to notice to the manutacurer and they generated supplimentry invoice @ 2.06% on 9/5/12.

1. can we take that supplimentary invoce in our system.?

2. if so, does will it affect the inventory

3. will we have to give C form form the same.

please guide and thanks in advance,

regards

Prasad.

Under Rule 9 of CENVAT Credit rules, a supplimentary invoice issued by the Manufacturer or Porvider of output service is a valid document for claiming CENVAT Credit. The supplimentaty invoice should be prepared under rule 11 of Central Excise Rules, 2002. The reply to your query

1) can we take that supplementary invoice in our system.? Definitely you can avail CENVAT Credit on Supplementary Invoice.

2) if so, does will it affect the inventory. It will not affect your inventory. Inventory quantity already received, and there is no impact in inventory. it will hit your Basic Excise Duty (RG 23 A) under Current Asset.

3) will we have to give C form form the same. Under CST Act/Rules you have to issue C Form for the differential amount also.