TaxTMI 
TaxTMI 
Dear Sir,
Please advise us if our supplier raised Debit note to us and he charges the excise duty of this Debit noe.
Can we take of excise through the Debit Note ?
Cenvat Credit through Debi Note
26 Nov 2015 
5 Replies 
2152 Views Asked by
Guest 
Debit note as invoice: CENVAT credit may be allowed if it contains prescribed invoice particulars, but faces departmental challenge.
Debit notes are not expressly listed as admissible documents under the CENVAT Credit Rules, so they may be disallowed; however, where a debit note contains all the particulars ordinarily required of an invoice, tribunals have treated it as an invoice and allowed CENVAT credit. Relying on debit notes therefore entails potential departmental challenge and possible appellate litigation, and taxpayers should ensure debit notes mirror prescribed invoice particulars before claiming credit. (AI Summary)
Debit notes are not expressly listed as admissible documents under the CENVAT Credit Rules, so they may be disallowed; however, where a debit note contains all the particulars ordinarily required of an invoice, tribunals have treated it as an invoice and allowed CENVAT credit. Relying on debit notes therefore entails potential departmental challenge and possible appellate litigation, and taxpayers should ensure debit notes mirror prescribed invoice particulars before claiming credit. (AI Summary)