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TMI BlogProcedure to be obtain on Returned GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... We have sales Machine to our customer who is situated in out of states in last two years back. Our customer is not satisfied the machine performance and decided to return the machine to us. Now, we can not show the same machine as return in our books because there is condition for Out of states sales (Goods should be returned withih Six months period form the date of despatched) therefor our cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tomer is showing sales in their books while raising sales invoice charging excise duty CST (under Form 'c ) . The above transaction is shows the purchase transaction in our case. Now, what will be impact if we will take the same machine is input in finance and entered in Form V register in Excise document. If there is any misinterpretation under the Excise Law. Please advice. - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... KASTURI SETHI - The Reply = SH. SURYAKANT MITHBAVKAR JI, There is no time limit before which duty paid goods can be brought to a factory. So technically goods cleared one year or two years or three years ..or so on..................... can also be brought back and credit taken. Also Read Rule 16(2) of CE Rules, 2002 . For any other purpose to be noted. It will be helpful to you. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here is no misinterpretation. I am of the view that there will be no adverse impact if you enter in FORM V and account for in books of account. - Reply By KASTURI SETHI - The Reply = Pl. refer to my reply dated 10.6.16. I rectify as under :- Pl. read, in any other case in place of For any other purpose. - Reply By Ganeshan Kalyani - The Reply = Under VAT you will loose the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit if sales return is not happened within the prescribed time period. Thanks. - Reply By Ganeshan Kalyani - The Reply = Regarding Central Excise my view is in line with Sri Kasturi Sir. Thanks. - Procedure to be obtain on Returned Goods - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 10-6-2016 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly post by an expert, personal 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
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