FORMAT OF INVOICE UNDER C.EXCISE RYLE 3(5)

[Guest]

SIR

PLEASE SEND THE FORMAT OF OF INVOICE UNDER Central Excise(RULE 3(5))

 

[Snehal Kulkarni]

 

 

there is no any such specific format. You may use the regular Excise Invoice and put ther remark " Removed as such u/r 3(5) of CCR2004"

[YAGAY andSUN]

Steps involved in Removal of Inputs as such: -

I. Inputs will be removed on an invoice.

II. Equivalent CENVAT credit will be reversed.

III. On the face of the invoice amount of duty payable should be mentioned.

IV. Phrase ‘Removal of inputs as such under Rule 3(5) of the CENVAT credit Rules, 2004’,

should be mentioned on the face of the invoice.

V. Description (i.e. name, identification marks, serial nos./code, packaging etc.) of inputs

which are being removed as such must be tallied with the description as mentioned in

the purchase invoice/Bill of Entry.

VI. R.G.23A Part I and R.G.23A Part II should be accounted for such removal, accordingly.

VII. On the Excise Returns, such events (removal of inputs as such) must be mentioned.

VIII. Cross reference of the purchase invoice/Bill of Entry [as the case may be], if required,

may be mentioned on the Sale invoice (or at least on assessee’s copy) for future

references.

AI Summary

Removal of inputs as such under Rule 3(5) requires an invoice remark, duty disclosure, and CENVAT reversal. Removal of inputs as such under Rule 3(5) of the CENVAT Credit Rules, 2004 must be effected on an invoice (no specific statutory format), with the duty payable stated on the face and the prescribed phrase indicating Rule 3(5). Descriptions must match the purchase invoice/Bill of Entry; equivalent CENVAT credit must be reversed; accounting via R.G.23A Part I and II is required and the event must be recorded in excise returns, with cross-references retained for future reference.