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, can I adjust the 1% central Excise duty already paid on jewellery subsequent sales?
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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, can I adjust the 1% central Excise duty already paid on jewellery subsequent sales?
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On what grounds the jewellery was returned ? Either Rule 16 (1) or (2) or (3) of CE Rules, 2002 is to be followed depending upon the requirement.
I agree with the views submitted by Sri Kasturi Sir. Rule 16 of Central Excise Rules deals with the returned goods and its excise duty implications.
Old Query - New Comments are closed.