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Purchase returned of excisable goods.
Dear All,
My Query is as follows:-
I Have Purchase Excisable Goods in April and Taken credit against the Invoice in Aptil.
Now I have Returned the Goods Purchased From April.
I Have Raised Debit Note As per Rule 11 In Tax Invoice Format.
Question 1: What is the Effect Of Excise Duty In Modvat Account?
Question 2: Whether I have to pay the duty or not?
Question 3: Can Seller Takes the Credit or not?
Replies (1)
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