Cenvat Credit taken on Returned Goods

[Guest]

Respected Sir,

We have manufacture factory from factory we are sending the FG to our Depots and from Deport the sale to various sales Branch Office. But when the FG's are returned we received the Goods from our sales branches not from Sales Depot. After received the FG we Re-pack these Goods with Revised MRP and again send these goods to Depot. In this case

1) How can we take credit the Excise on returned Goods

2) We are not sale these Goods to our sales branches situated in various city Directly. We sales these Goods to Depot and from Depot Goods are sale to various Branches but we received these goods Directly from Branches on Commercial Invoice.

3) On Which Document we will illegible for Canvat Credit.

4) Can We show these Returned Goods in DSR. as a production and further Clearance at the time of Sales.

Regards

Swapneswar Muduli

08905058640

[VINOD KUMAR]

dear Sir. please follow the provisions of rule 16 of CER 2002. Alternatively, you can bring the material as inputs, enter in cenvat credit record, avail cenvat process the goods and clear them on payment of duty on transaction value.

AI Summary

Cenvat credit on returned goods: bring returns into input stock, record credit, process and clear on transaction-value duty. Returned goods may be brought into input stock, entered in the cenvat credit record, credit availed, processed or repacked, and the goods cleared on payment of duty on transaction value; alternatively, follow the specific regulatory provision referenced for handling returns.