C form for Demaged goods -reg

[venkat eswaran]

Dear All,

We are mfg unit in chennai sending goods[ paints] to Delhi on CST sales basis. Some times it has leaked and damaged in transporters. Customer is not giving C form for the leakaged goods since they have not received the goods. For damage value we are deducting pmt from Transporter. But what about C form what to do in this situation?

And also some time customer checking the paints as trial purpose and consumed some qty of goods in case it is not suitable they are returning the goods whole lot. But physically not the full qty since they consumed some qty in trial process. What we should at this time. How can we reverse the Excise and how we treat in C form?

kindly give ur valuable views

Thanks in advance

Venkat

AI Summary

Form C for damaged goods: accept C for received value and revise tax returns to reflect transit loss.
When goods are lost or damaged in transit and the buyer accounts for a lower value, the buyer may issue Form C for the reduced amount; the seller must pass a journal entry for loss in transit so its customer accounts reconcile. Payment recovery from the transporter may cover damage value but does not substitute for accounting adjustments. If returns were already filed, the seller must revise tax returns to reflect net sales after transit loss; Central Excise provisions now permit revision of monthly and yearly returns.