18 January 2012
A party registered with Centreal Excise on Nov,2010, he started to charge Excise duty @ 5% till Dec'2011, I Jan'2012 he become get to know on his finished good excise duty rate is 10% instead of 5 %. Party submit the difference amount of Excise Duty. Here our question is can party issue the supplimentry bill to delaers to whom he made sale of excise duty rate diff. and also can those parties to whom we will issue the bill of rate diff can take CENVAT. Is there any provision or circular regarding issue of supplementry bill in Central Excise Act and if yes please tell us.
26 January 2012
input credit is available on strength of supplimentary invoice, provided the supplimenatry invoice date is present date, and cross reference is mentioned of previous invoice.
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