06 October 2010
We have sent some Rejected Materials to our Seller Through our sales Invoice to Reverse the Input CENVAT Credit Utilised in that Rejected material Invoice.
Normally for these type of transaction we follow the same procedure as followed for our normal sales transaction. (Bbut in seperate row in ER-1 Return.
But our Cetral Excise Inspector is telling that the above procedure is wrong and asked me to show it in "AS SUCH ClEARANCE HEAD".
Please Tell Me how to Show these transaction in ER-1 Monthly Return.
CAclubindia
