31 December 2012
sir, we have despatched our finishid good to customer, by some fault thisgoods are not working properly and customer return back to us for replacement new goods. my question is 1 our sister unint has despatched this good under epcg lic and advance lic and take a refund of excise duty. 2. now this goods receipt at our second unit for replace . 3 now under waranty period we are liable to replace this defective goods, and we agree to replace, 4 sir, what can i do for this new goods despatched to customers? can i credited cenvat which is we are alreaded claimed and got refund, can i debited excise duty at the time of despatche new goods to this customer ?
31 December 2012
There is a concept of unjust enrichment which means that you cannot get refund as well as credit. When removed again CED needs tobe paid = amount of credit if not manufactured again and if manufactured again then at transaction value.
CAclubindia
