Cenvat Credit on Returned Goods

[Gopal B]

Dear Experts,

We supplied material to C&F agent on excise invoice. The Agent returned few products on his invoice showing total value of the products,without showing Excise duty. The returned goods have a resale value. So, How can I take Credit on returned goods. Pls advise.

ThanQ

[Rajagopalan Ranganathan]

Sir,

You can take credit on the basis of triplicate copy of the invoice available with you as 'office copy'.

[Ganeshan Kalyani]

Sir, as per Rule 16 of Central Excise Rules, 2002 you can take the credit. Thanks.

AI Summary

Cenvat credit on returned goods can be claimed using the seller's triplicate invoice copy under applicable excise rules. Cenvat credit on goods returned by an intermediary is available where the supplier retains documentary evidence of the original excise transaction; possession of the triplicate (office) copy of the original excise invoice may support re claiming credit when the return invoice from the agent shows value but does not separately display excise duty, subject to compliance with the applicable excise rules governing returns and credit adjustments.