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Canvat Credit on sales return material

Central Excise - Started By: - Swapneswar muduli - Dated:- 3-11-2015 Last Replied Date:- 8-11-2015 - Dear Sir,We are a manufacturer and we sale the goods from factory to our depots and from to they sales to various sales branches all over-india. After some months or some years these material are send back to our factory for different reason like(1) Customer rejection,(2) Repacking and putting the new MRP.(a) In such case the branches are send material direct to factory with commercial invoice wh .....

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eligible of Cenvat credit and how we show this stock in RG-1 as we further sales these material again with the excise invoice.RegardsSwapneswar Muduli - Reply By ashish chaudhary - The Reply = Two questions are relevant to discuss: 1. Whether credit is admissible on returned goods received in the factory? Manufacturer, under Rule 16 of CER, can take the credit of excise duty originally charged as if the goods received are inputs. If the process undertaken on the returned goods amount to manufac .....

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ly cleared and returned back. Could be done by insisting branches to mention depot invoice number on their commercial invoice, description of goods and establishing correlation of factory challan/invoice with depot's invoice. Without correlation, department objection likely. Returned goods could be considered as inputs for all the purpose under Cenvat Credit Rules. - Reply By YAGAY AND SUN - The Reply = Rule 16 of CER 2002 is relevant in this matter. Please go through it, read it, understand .....

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