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sales return under rule 16 central excise

Central Excise - Started By: - Anil Jangid - Dated:- 4-1-2016 Last Replied Date:- 5-1-2016 - Sales return under rule 16 of central excise,is it necessary to submit intimation to central excise dept for goods return due to quality problem or party not accept the material. Some commissionerate issue trade notice and make rule submit intimation. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Sub-rule (1) and (2) of rule 16 of Central Excise Rules, 2002 state as follows: - (1) Where any goods .....

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mount to manufacture, the manufacturer shall pay an amount equal to the CENVAT credit taken under sub-rule (1) and in any other case the manufacturer shall pay duty on goods received under sub-rule (1) at the rate applicable on the date of removal and on the value determined under sub-section (2) of section 3 or section 4 or section 4A of the Act, as the case may be. Explanation: The amount paid under this sub-rule shall be allowed as CENVAT credit as if it was a duty paid by a manufacturer who .....

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