WE HAVE DEPOT AT VALSAD AND WE HAVE EXCISE REGISTRATION NO. FOR BOTH DEPOT AND FACTORY... WE SOLD GOODS AT THE SAME RATE FROM DEPOT AND PAID EXCISE DUTY AT THE TIME OF REMOVAL FROM FACTORY.. GOODS ARE SOLD TO SSI UNITS. WE RECIEVED DEBIT NOTE(SALES RETURN )FROM SSI UNITS IN WHICH THERE IS NO EXCISE DUTY. NOW HOW TO TAKE THE CREDIT OF SAME.
1 Replies
Shri
(CA Practice)
(141 Points)
Replied 21 June 2012
Hi, As per my knowledge excise duty has no relation with sales. Excise duty is arise only on removal of goods from place storage. Yes, but we can file refund of excise duty, irrespective of sales. Pls check the attached file for more knowledge. Also udpate me, if u have any new updations.
Attached File : 851201 1000538 excise duty.pdf downloaded: 176 times
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