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

Cenvat credit adjustment on removal of used capital goods requires invoicing, credit reversal and recordkeeping.
For excisable spare parts removed in the same financial year, remaining CENVAT credit may be availed if partial credit was earlier taken, and at clearance a proportionate credit reversal must be made. The excise invoice must indicate USED CAPITAL GOODS REMOVED AS SUCH, a separate file maintained for receipt and clearance for audit, and details disclosed in the monthly RT 12 return and forwarding letter; the factual classification as scrap versus removal should be clarified.