https://www.taxtmi.com/forum/issue?id=107576 When returned goods are received without processing amounting to manufacture, CENVAT credit may be availed on the invoice copy accompanying the return and recorded in input and credit registers; if no manufacturing process has been carried out the previously availed credit must be reversed. If returned goods undergo processing amounting to manufacture or value addition, duty becomes payable on value determined under the valuation provision. Detailed private records must be maintained showing invoices, duty documents, parties, descriptions, quantities, processes, credits availed and reversed, duty on replacements, and re clearance or resale entries. en-us Thu, 13 Nov 2014 13:10:26 +0530 Thu, 23 Jan 2025 15:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107576 When returned goods are received without processing amounting to manufacture, CENVAT credit may be availed on the invoice copy accompanying the return and recorded in input and credit registers; if no manufacturing process has been carried out the previously availed credit must be reversed. If returned goods undergo processing amounting to manufacture or value addition, duty becomes payable on value determined under the valuation provision. Detailed private records must be maintained showing invoices, duty documents, parties, descriptions, quantities, processes, credits availed and reversed, duty on replacements, and re clearance or resale entries. Discussion-Forum Central Excise Thu, 13 Nov 2014 13:10:26 +0530 https://www.taxtmi.com/forum/issue?id=107576