Provision regarding goods return by buyer/dealer

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2013
Dear Friends,

We are manufacture of Excisable goods. Excise duty charged at the time of removal of goods from factory but some time some goods are return back by the buyer, in such case excise duty already paid by us will not reverse back as dealer did not raised excisable invoice. Doing this we suffer excise losses.

I just want to know from my senior friends that are there any provision available in Excise so we can take credit (on which we already pay duty).

It will be more helpful for me if you provide Section wise details.

Waiting for your valuable suggestion

Thanking You

Samsad Siddiqui

Arun Kumar Singh

Arun Kumar Singh (Expert)
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12 July 2013 Any goods on which duty had been paid at the time of removal thereof are brought to any factory for being re-made, refined, re-conditioned or for any other reason, the assessee shall state the particulars of such receipt in his records and shall be entitled to take CENVAT credit of the duty paid as if such goods are received as inputs under the CENVAT Credit Rules, 2002 and utilise this credit according to the said rules.

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2013 Thanks sir

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