Rejection of iraw material
This query is : Resolved
10 May 2011
Is it mandatory to raise a excise invoice when retruning back the rejected material to supplier? Will the answer be different in case material was initially accepted, accounted, payment also made but subsequently found not suitable & hence being rejected?
10 May 2011
In case the same is to be rectified and returned the same can be sent under rule 4 (5) (a). Recording of the sending and receipt should be accurate.
10 May 2011
Thanks for the reply. Rule 4(5)(a) means rule 4(5)(a) of Cenavt credit Rules, 2004?
10 May 2011
if material will be accepted after rectifying or reprocessing than rule 4(5)a is applicable
if you are not going to accept it back after rectifying or reprocessing than excise invoice can be raised or credit note with the extract of duty can be raised so that supplier can get credit of cenvat
if you are not going to accept it back after rectifying or reprocessing than excise invoice can be raised or credit note with the extract of duty can be raised so that supplier can get credit of cenvat
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
