Goods sold in the month of May and June 2015 and returned by the party in the month of March 2016, then you will avail CENVAT credit of duty amount in the month of March 2016.
Guest
yes u can revers the cenvat and avail the cenvat credit this month provided purchaser returned good on cenvat invoice. (obtain duplicate for transporter copy of bill)
yes, cenvat credit can be taken in the month of March 16 when goods were actually received back. However since the goods were sold in May/June 15 the ER1 of June 15 has been filed and can not be revised, hence returned goods shall be taken as purchase of the March 16 in cenvat records. Had the returns be made in the selling month itself, it could have been reduced from sales itself as shown in ER1