Rishabh Aggarwal (Assistant Finance Manager) (35 Points)
14 March 2013when there is a sale return....the excise paid on such sale is adjusted through PLA a/c or through cenvat ?
Rakshit
(practising)
(338 Points)
Replied 15 March 2013
Under Rule 16 of the Central Excise Rules, 2002, U can take credit in Cenvat account.
Raksh*t
Rishabh Aggarwal
(Assistant Finance Manager)
(35 Points)
Replied 15 March 2013
thanks.....bt what if the manufacturer is not availing the benefit of cenvat credit ?
CA Hardik Bunha
(self)
(2121 Points)
Replied 16 March 2013
then ur credit of sale return goods will be lost.
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 16 March 2013
you can take credit of the duty paid on these goods when they are returned to the factory,The only condition is the activity done on the goods amounts to manufacturing.[Rule 16 of the C.E.Rule]
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