What excise rate to be taken on sales return????

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Hello friends & members ,

 

               We have sold goods on 27.02.12 to X party on this day excise rate was prevalling 10%, after that said party rejected the said goods & returned us by invoicing @ 12% excise rate on 29.08.012.

Query is that  they did right or wrong, means what rate they need to mention in invoice 10% OR 12%?????pls advice with necessary rules & section.................

 

Thanks & regards- Lokesh Pokharna

Replies (2)

Read With Rule 16 of Central Excise Rules 2002, Rate is to be Taken as 10% Only.

Even Goods return After Expiry of 6 Months.

check the invoice issued by yourself and the buyer

he has to "reverse" the cenvat credit so availed, and not to pay the Excise:)

if he has paid , then the invoice is a fresh invoice for you and its sale by himself to you !!


CCI Pro

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