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TMI BlogSales Returns - taken Cenvat CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... We cleared some Finished Material to Buyer(before 8 Months),presently the Buyer returned Partially Goods from above the The Question is what is Proceeser of entered the above goods taken Cenvat Cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit, Please reply as early as Possible, Thanking You, from, V.Laxmaiah, Sudhakar Pipes - Reply By Mangesh Lokre - The Reply = Please refer the Rule 16 of CER 2002. The sales retu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rned goods needs to be kept seperately and have to intimate to local excise office immediately after receipt. IF the officer doesnt react within 24hr from the date of intimation, you have to take th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e goods for further processing. You can avail the CEnvat credit of these goods which has to be accounted in Form V register. If you have take the Cenvat Credit and the process which you are going ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to carried out doesnt amount to manufacture then the quantum of cenvat credit needs to be pass which was taken at the time of receipt If the process carried out amounts to manufacture, then the duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... needs to paid on transaction value. Hope this clears your doubt. - Sales Returns - taken Cenvat Credit - Query Started By: - Laxmaiah Vanamamula Dated:- 31-1-2011 Central Excise - Got 1 Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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