Adjustment of excess excise paid on goods
This query is : Resolved
22 May 2015
The assessee is a manufacturer of excisable final product.If, While removing goods from factory he removes 9 items out of 10 items and paid excise on total ten items. afterwords it comes to the notice and he has to send that remaining 1 item. He has to send it through invoice under Rule 11 and pay excise accordingly on 1 item. It results in payment of excise on the same product twice. how can he adjust such excess payment of excise? can he claim refund or can he adjust against future payments? If any of such adjustments is not possible , then can he recover the same from customer?
29 May 2015
You can adjust the same with prior intimation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
