13 October 2011
A manufacturing company procure excisable goods from another company on the basis of challan say goods received on26.9.2011 (gate pass) & excise in voice shows removal of goods on 10.10.2011... the company took excise credit on the basis of DFT on 10.10.2011...
Now the question is what type of problems the manufaturing unit can face regarding procuring goods on challan basis..Will such procurement will be treated as Illegal??