Purchase Booked with Rs.16839 more Wrongly in jan,2012, Central Excise

[ramya Srinivas]

Hi,

In cenvat returns a purchase bill was booked wrongly With 16839 Rs more in value. this error was latter found in reconciliation duirng Preparation of Cenvat For April month. so wat is the course of action to be done now. pl suggest

thanks in advacne

Regards

ramya

Posts / Replies

[Pradeep Khatri]

You  may reverse the  excess amount of CENVAT credit.  Also intimate to the Concerned authority for this clerical error and mention it in the Statutory Return.

[NEERAJ KUMAR, RANCHI]

yes, as correctly said above, reverse the credit and intimate the range office about the same. you do not need to pay any interest if credit not utilized to pay duty, if utilized pay applicable interes.