10 July 2012
IT'S LIKE SALE RETURN DUE TO MATERIAL REJECT. YOU CAN TAKE MODVAT OF DUTY LIKE PURCHASE BUT YOU SHOULD PAID DUTY ON DUTY PAYABLE ON TOTAL SALE INCLUDING RETURN MATERIAL.
1. CALCULATION OF EXCISE 2. ADJUSTMENT OF EXICE 3. FORMS OF EXCISES FOR REGISTRATION & RETURN 4. ADJUSTMENT OF CAPITAL GOODS PURCHASED 5. REGISTER MAINTAIN FOR EXCISE 6. SERVICE TAX ADJUSTMENT 7. RETURN ONLINE (HOW)