Debit Note & Excise part

L KANAGARAJ (Assistant Manager-Finance)   (615 Points)

27 March 2010  

A company purchased  material (100 Nos.) during Feb.'10 @ 8% Excise Duty.

But 5 Nos. are damaged or rejected during inspection.

If we send back the material (5Nos.) to the seller  in March'10.

What is the rate of Excise Duty we have charged. Whether 8% as availed or

10% as current rate of excise duty.

what is the exact procedure.

Thanks