Short Quartity in Excisable Invoice

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..... Short Quartity in Excisable Invoice
Query (Issue) Started By: - manan pandya Dated:- 2-4-2015 Last Reply Date:- 3-4-2015 Central Excise
Got 3 Replies
Central Excise
Dear Experts, we are manufacturing of pumps and it 's dutiable goods. we have received order from customer for 100 no. of pumps against we have supplied by mistake 95 no. and invoice issued for 100 nos. to party so i .....

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..... n which case what can we do ? or in other case party quoted order of 100 no. against we supplied 105 nos. and excisable invoice raised of 100 nos. then what will be step taken in accounting treatment? pls. suggest under excise law . Reply By YAGAY AND SUN: The Reply: Dear Manan, Get the certificate of short receipt of material from the Customers, Get the physical verification of finished good .....

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..... s done at your factory premises and inform the Department in this regard. After that you may correct this inadvertent mistake by sending the pumps without payment of duty in supplementary invoice by giving the reference of Certificate, physical verification and of intimation to C.E. Department. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants) Reply By manan pandya: Th .....

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..... e Reply: thank you so much for your reply. we can raise supplementary invoice to party against short quantity invoice. if we have supplied 100 nos. of pumps as per party order and invoice had been raised with 105 in that case same procedure would be follow? regards, Manan pandya Reply By YAGAY AND SUN: The Reply: Yes, but on supplementary invoices so issued you would have to pay the interest .....

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Discussion Forum - Knowledge Sharing .....

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