Excise entry in our books
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2012
Dear Sir,
we import electronic componts for Mfg Elect goods & we send these for some job work to a party but now we want to sell those to same party who taken for job work.
Already shown as purchase in excise return
• How to show now in excise return
• How to make invoice to them
we import electronic componts for Mfg Elect goods & we send these for some job work to a party but now we want to sell those to same party who taken for job work.
Already shown as purchase in excise return
• How to show now in excise return
• How to make invoice to them
02 February 2012
It is a case of as- such clearance, In subsequent period return you may show it as As-such clearance under Rule 4(5) of Cenvat Credit Rules, 2004
As per this Rule:
(1) Cenvat credit if already taken in respect of these components, these has to be reversed.
(2) As-such clearance shall be made under Cover of Invoice referred in Rule 9 of CCR, 2004
As per this Rule:
(1) Cenvat credit if already taken in respect of these components, these has to be reversed.
(2) As-such clearance shall be made under Cover of Invoice referred in Rule 9 of CCR, 2004
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2012
thanks for your valuable information
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