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?
CAclubindia
