First stage dealer-

We are an Pharmaceutical company and having one of our premises registered as First stage dealer.

In one of business scenario, we have procurred the material from vendor and sold it to customer. This material was got rejected at customer end and he has send the material back to us.

While sending the material back, customer has cretaed his own Excise invoice.

While taking the material back we have made the receipt entry against the customer invoice.

Now we have decided to sell this rejected returns to other customer.

My question is "while selling the rejected goods, which Excise invoice we have to refer, the one which was given my customer or the on which was send by the vendor at the time of procurrment?"

 

Please guide

Regards

Kailash

 

Replies (2)

since goods are returned under invoice, the same can be accounted for as your input and credit availed as in a normal purchase. at the time of removal, you will need to refer the invoice of returned goods only.

Originally posted by : Navneet Gupta
since goods are returned under invoice, the same can be accounted for as your input and credit availed as in a normal purchase. at the time of removal, you will need to refer the invoice of returned goods only.


 

 

Thanks for your reply

I will be very happy if you could able to give me any related notification issued by goverment of india

Regards

Kailash

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