Credit of Excise duty in case of sales return

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vivek (Querist)
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18 May 2010 Hi

Whether credit of excise duty paid for sales which is subsequently returned is available? If yes, what are the conditions to be satisfied?

Kishor Darole

Kishor Darole (Expert)
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20 May 2010 Hello,
You can take Cenvat credit on returned sales Finished Goods maerial based on the Tax Invoice under Rule 16 of C.Excise. Rejection Register U/R.16 is required to maintain for local & For Export, you can add as Production in DSR/RG-1.
Stock is required to monitored for Rejection & during sales, availed equal or proportionate cenvat credit is required to Reverse.

Regards/ Kishor

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