The 57F4 challans sent for job work have not been received within 180 days. The duty has been debited. whether we can reverse the duty credit on receipt of duplicate challans only or on original challans also.
57F4 challans
Baba Bhusad
CENVAT credit admissibility: credit allowed on challan copies only after physical receipt with the jobworker's invoice. The operative guidance is that CENVAT credit on 57F4 challans may be availed on any copy of the challan only after physical receipt of the goods accompanied by the jobworker's invoice; related questions remain about duty consequences and return filing when goods and challans are returned within the prescribed period and about the required challan format and jobwork declaration. (AI Summary)
TaxTMI