what is the treatment of excise duty, in case of credit note raised to customer for the sales return, whether excise duty already paid on that can be reversed or that is a loss?
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Treatment of excise duty on credit notes
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Baidyanath,
Is this full rejection or part.
In case of Sales Return, under which document/challan has customer sent back rejected goods.
Ask for rejection invoice from your customer, if you don't get, quote your original invoice reference and give intimation to your range authorities with full details including ED u/r 16 and later take credit.
Thanks
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