sales return

[Guest]

Dear Sir

We have need how to treat sales return in books of excise and what record maintained

Pl explain me.

AI Summary

Understanding Sales Returns in Excise: Claim CENVAT Credit Under CENVAT Credit Rules, 2004; Maintain Detailed Records A user inquired about handling sales returns in excise records. The first response explained that the assessee can claim CENVAT credit for returned goods as inputs under the CENVAT Credit Rules, 2004, using the original or consignee's invoice. Entries should be made in the Cenvatable input and credit registers. If the process doesn't involve manufacturing, credit should be reversed; otherwise, duty based on value addition is required. Detailed records of the returned goods and processes must be maintained. Another user confirmed that sales return goods can be resold below the original duty amount if manufacturing processes are involved.