Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Rejected goods

Central Excise - Started By: - ASHOK AMIN - Dated:- 30-4-2016 Last Replied Date:- 2-5-2016 - Dear Experts,We received two excisable raw materials from a supplier in the same invoice. Before taking the cenvat credit we normally check the raw materials in our laboratory deptt. If it is ok we avail cenvat credit on it. In this case one of the item got rejected. Now please let us know how to deal with it. - Reply By Ganeshan Kalyani - The Reply = Sir, if the credit is not availed then no action to b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

The Reply = Sir, you would have entered the input in RG23A in two separate line and you would have maintained serial number also. Now that you are reversing one of the input, you should give reference of the original serial number of which the input is rejected. Thanks. - Reply By CS SANJAY MALHOTRA - The Reply = Agree with Experts. CCR Rule 3(5) clearly provides for payment of amount equal to the CENVAT Credit availed in respect of Input cleared as such scenario If no CENVAT has been availed, n .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the accepted item from the total amount of duty shown in the invoice. - Reply By surya narayana - The Reply = Dear Friend, Considering the situation, I suggest you to take the total credit on both the materials in your cenvat account and then return the rejected material by raising excise invoice on payment of duty equal to the credit taken under Rule 3(5) of CCR,2004. The above procedure not only solve your problem before you but also facilitates the supplier to take credit under Rule,16 of CE .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version