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Issue ID : 110058
- 0 -

Whether Adjustment of Central Excise Duty paid @1% can be done if the jewellery is returned

Date 19 Mar 2016
Replies2 Answers
Views 838 Views
Asked By

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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- 0
Replied on Mar 19, 2016
1.

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.

- 0
Replied on Mar 19, 2016
2.

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.

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