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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. Afte .....

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ich materials are not sale by factory to this branch we sale to our Depot. Depot sales to our sales branches.(b) Depot also send back us the old material with their commercial invoice what ever ols stock laying in the sales depot in that case they ar .....

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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 .....

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ture, their subsequent clearance is required to be made charging excise duty. If no manufacturer, credit taken earlier is required to be reversed. In your case, you have been undertaking deemed manufacturing activity, hence eligible to take credit on .....

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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, .....

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its implication then apply in your matter. - Reply By Mahir S - The Reply = Sir, Rule 16 is applicable only if some manufacturing activity is undertaken on the returned goods. Agreed that the returned goods are re-packed and new MRP is put thereon; .....

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