Goods Purchased but not suitable for us.

[gowri shankar]

Dear sir,

 

We have purchased a Machinery Spare Parts from a supplier in coimbatore 9 months before.  We have used the same and found that it has not been suitable for us.  Now we can send it to another Paper Mill within the state.  What is the Procedure with regard to Vat to send the part to some other paper mill.

We have the following Doubts?

1. Whether we can raise an invoice as a scrap in our letter pad or a sheet to begin with new serial Number buyer name and address and calculate vat (T.N) and net amount with signature of Management.  Attaching with a copy of our purchase invoice.

2. Whether along with this any 'Whomsoever it may concern' letter explaining that it is not suitable for our requirement hence we are sale as a scrap to another paper mill on payment of vat (T.N)

3. If it is a excisable spare parts what is the procedure as per central excise?

 

Please send reply.

 

2. Whether  

AI Summary

Guidance Sought on VAT and Excise Procedures for Transfer of Machinery Parts Under Cenvat Credit Rule 2004 A company purchased machinery spare parts that were unsuitable for their needs and plans to send them to another paper mill within the state. They seek guidance on VAT procedures, including whether to raise an invoice as scrap and the necessity of a 'Whomsoever it may concern' letter. They also inquire about excise procedures for excisable spare parts. In response, it was clarified that under the Cenvat Credit Rule, 2004, the remaining 50% of Cenvat credit should be availed, an excise invoice raised, and credit reversed upon clearance. Additionally, documentation for verification by excise officials should be maintained. The response questions why the parts are considered scrap despite being in working condition.