Reduction in cenvat credit on short receipt of material
This query is : Resolved
20 November 2009
R/s Sir/Mam
I wana to know that if i received the billed quantity short by 2 or 3 pcs from my supplier out of 2000 or 3000 pcs. In that case should I deduct the amount of cenvat credit taken on the said bill. Similarly what if the material is in kilograms. Is their any section/provision in excise act related to that??
Waiting for earliest reply.
I wana to know that if i received the billed quantity short by 2 or 3 pcs from my supplier out of 2000 or 3000 pcs. In that case should I deduct the amount of cenvat credit taken on the said bill. Similarly what if the material is in kilograms. Is their any section/provision in excise act related to that??
Waiting for earliest reply.
20 November 2009
Yes you deduct the amount of cenvat proportinally as per short received material.
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