9911796707
TMI BlogGOODS RETURNX X X X Extracts X X X X X X X X Extracts X X X X ..... GOODS RETURN X X X X Extracts X X X X X X X X Extracts X X X X ..... ls Machinery. We cleared one machine to our customer in 2011 now the same customer intend to return the same as sale of assets to us with payment of duty. If the said machine we take as input & disma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntle the parts & use the parts in various machinery wherever suitable and some parts cleared as scarp. In this procedure we do not have any co- relation regarding clearance of machine parts of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said machine. Whereas the Law says if we take credit on Finished Goods which is return by our customer it is importance to show clearance of the same with payment of Excise duty either equal to cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit or more than credit avail. Still can we avail credit in the above matter. Pl. advice. Reply By PAWAN KUMAR: The Reply: As per my view , in rule 16 it has specified that when any goods is br ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ought to any factory for being re-made, manufacturer can claim cenvat as input and process the same. If the process does not amount to manufacture, reverse the cenvat taken. if the process is amount t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o manufactuer pay the duty on rate at the time of removal and on the value as determined. X X X X Extracts X X X X X X X X Extracts X X X X
|
