9911796707
TMI BlogRejected Return Goods (Re Sale As Such Or A Waste)X X X X Extracts X X X X X X X X Extracts X X X X ..... As discussed I request you to pl. give your opinion on resale of returned goods the detail I clarify as under:- We are a manufacturer of plain /printed poly film being sold as a packaging material for use by oil industry and other similar consumer industries. The printed materials generally customer specific where as plain materials for general packaging usable for common customers. We sometim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es receive back our sold material to our customers on quality ground or some other reasons. Such material once received are inspected by our QC and depending on the condition of material we take the following action:- 1) We re- process the returned goods and remove the defect noticed to make it usable for customers. after removing defects we re- sale to the same customer (if customer specif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ic printed material) or similar other customer (if is plain material ) .During re processing we generate some waste material that we sale to some other customers at current market price in a normal course. 2) The returned material ,once received are taken into stock and we take cenvat credit for the amount excise duty. 3) When it is resold after reprocessing we charge excise duty on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its transaction value. We generate some waste material during reprocessing that is also sold to some other customers and excise duty is charged on its sale value.(transaction value) 4) Some of the returned material even after re processing are not found suitable to the customers are subsequently sold to some other customers at discounted price. We request you to give your opinion on the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ollowing:- 1) Whether excise duty charged by us while re sale of returned goods after reprocessing on its transaction value is in order or not.? Your earliest response on the matter shall be highly appreciated. - Reply By SHIVKUMAR SHARMA - The Reply = Dear Mr.Patel Excise duty charged by you while re sale of returned goods after reprocessing on its transaction value is in order. SH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IVKUMAR SHARMA - Reply By Ramesh Patel - The Reply = Dear Bharat Patel Mr. Shivkumar Sharma is right. But in my opinion You have to pay excise duty on the basis of cenvat taken on return goods or Excise duty on transaction value after reprocessing which ever is higher. - Reply By SHIVKUMAR SHARMA - The Reply = Dear Mr.Ramesh During reprocess of rejected return goods the production deptt.is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... declared few waste material out of total material. Your view is applicable only for clearance of waste material generated not for Fresh material. In this regard please refer rule 16 of central excise. SHIVKUMAR SHARMA - Reply By Bharat patel - The Reply = please tale me weather excise duty reverse or not ? 1-first we received rejected goods and same will be rejected and sale as a waste. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received rejected goods with modvet rs.10000/- and sale waste with duty rs. 4000/- so differential 6000/- excise duty to be reverse or not ? please reply immediate - Rejected Return Goods (Re Sale As Such Or A Waste) - Query Started By: - Bharat patel Dated:- 14-2-2014 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
