https://www.taxtmi.com/forum/issue?id=2685 Sales returns must be segregated, recorded in Form V and notified to the excise office; if not inspected the goods may be reconditioned. Cenvat credit taken on returned goods must be adjusted on removal: pay duty if resale is at a higher price, reverse credit if at a lower price. Unmarketable returned goods may qualify for remission of duty; replacements are treated as removals subject to excise duty, with duty payable at removal and VAT/CST not applicable. en-us Mon, 24 Jan 2011 07:13:13 +0530 Thu, 23 Jan 2025 15:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2685 Sales returns must be segregated, recorded in Form V and notified to the excise office; if not inspected the goods may be reconditioned. Cenvat credit taken on returned goods must be adjusted on removal: pay duty if resale is at a higher price, reverse credit if at a lower price. Unmarketable returned goods may qualify for remission of duty; replacements are treated as removals subject to excise duty, with duty payable at removal and VAT/CST not applicable. Discussion-Forum Income Tax Mon, 24 Jan 2011 07:13:13 +0530 https://www.taxtmi.com/forum/issue?id=2685