Become a Certified GST Practitioner in just 58 hrs. Register Now!

Excise on returned goods

CA SAUBHIK SAMANTA (Partner) (40 Points)

04 May 2012

Sir/Madam,

If some goods were despatched in Feb'12 ( @ 10% excise), & returned in April'12(after changing rate @ 12%), what will be the rate of excise in return entry?

Reply
Follow
Share

1 Replies

Sunil Kumar G (AGM Taxation) (373 Points)
Replied 04 May 2012

What I understood from your query that, you sold goods on FEB @ 10% duty and returned the same goods on April. You can utilize the Credit at 10% duty originally charged. If same goods returned without any further process, the same amount of duty should be reversed, not @ 12% of duty.