Return of duty paid goods

This query is : Resolved

CA. Vinod Agarwal (Querist)
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01 December 2012 We have sole 20 MT of Ferro Silicon to Vishakapatnam Steel Plant during November 2012. Now the material is rejected by them due to inferior quality. We have decided to bring back th material. What will be the treatment in Excise records?

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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01 December 2012 Rule 16.
1.Maintain sepertate Register.
2.Take cenvat credit on the basis of invoice of buyer as inputs in RG 23A
3.If no manufacture is undertaken then pay the same amount of cenvat taken at the time of removal. If amounts to manufacture pay the duty as applicable under Section 4 or 4A.