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
CAclubindia
