Unjust enrichment
Last updated: 15 January 2009
Court :
Raj.High Court
Brief :
UoI Vs M/s A K Spintex Ltd & Anr (Dated : November 26, 2008)
Central Excise - Assessable Value - Refund cannot be rejected merely because adjustments made through Credit/Debit Notes - it is clear that once the goods are supplied, the property in the goods passes to the purchaser, and seller becomes entitled to the price, and once the debit note is issued by the purchaser, and corresponding credit note is issued by the seller, the price of the goods stand reduced to the extent of debit note and credit note
Citation :
Refund cannot be rejected merely because adjustments made through Credit/Debit Notes
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Arbind Aggarwal
Published in Excise
Views : 1977
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