Treatment of Debit/Credit Note in Excise records

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vishnukant (Querist)
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09 July 2009 Hi all,
i want to know that what treatment should in Excise record of Debit/Credit Note.
eg. i have billed to party with excess amount and invoice contaning Excise duty and sale tax as well, later on i realized that it was excess billed, hence i raised a credit note to party as a result now my excise duty become lesser than earlier billed amount.
now i want to know can i take cenvat credit or reduce my excise expenses in excise records on basis of this credit note? if yes kindly let me know under which provision?
Please help ASAP.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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12 July 2009 Excise duty credit would not be admissible. If you were to take a certificate that the duty credit has not been availed by the cusotmer then possible refund application can be made. Unless amount subsntantial forget about it.

vishnukant

vishnukant (Querist)
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15 July 2009 please let me know the rule or circular or any notification.

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