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Q. > Please Help: EXCISE
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361 views • Question added Jan 16, 2014 • Excise • By ABHIJIT GUPTA , Rae Bareli


WHAT IS TREAMENT CARRYING BY ENTITY OF THE MATERIAL REJECTED AT BUYER PREMISES AND RETURN BACK. WHAR IS TREATMENT UNDER EXCISE?

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Bhavya

28-May-2014 , 10:15:14 am

This is Purchase returns. this you can use it for utilising the Input. Ask your customer to raise thePurchase returns Invoice " Goods removed as such". based on the DUplicate for Transporter copy . you can claim the Input. Rule 16 of Cenvat Credit on sales returns Basic Conditions As per Rule 16,Cenvat Credit Rules 2004 1. Goods should enter to the Premises of Manufacturer 2. Received goods should be accompanied by duty paying document as per Rule 16(1)i.e. Original & Duplicate Copy of Invoice 3. 16(2) Goods should be returned in the same conditions without any alternation/Modification/repairs/reconditioning 4. If goods sent to Job work & returned as sales returns time limit only 180days

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Bhavya

28-May-2014 , 10:15:56 am

you can show the same in ANx-10 and take the input credit

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