Whether Adjustment of Central Excise Duty paid @1% can be done if the jewellery is returned

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..... Whether Adjustment of Central Excise Duty paid @1% can be done if the jewellery is returned
Query (Issue) Started By: - Anish Goyal Dated:- 19-3-2016 Last Reply Date:- 19-3-2016 Central Excise
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..... Got 2 Replies
Central Excise
A manufacturer cleared a jewellery set on 05.03.2016 on payment of Central Excise Duty @ 1%. However, on 18.03.2016, the same is returned back by the customer. Now .....

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..... , can I adjust the 1% central Excise duty already paid on jewellery subsequent sales? Reply By KASTURI SETHI: The Reply: On what grounds the jewellery was returned ? Either Rule 16 (1) or (2) or (3) .....

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..... of CE Rules, 2002 is to be followed depending upon the requirement. Reply By Ganeshan Kalyani: The Reply: I agree with the views submitted by Sri Kasturi Sir. Rule 16 of Central Excise Rules deals .....

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..... with the returned goods and its excise duty implications.
Discussion Forum - Knowledge Sharing .....

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