ER1 RETURN RELATED RM REMOVED AS SUCH WITHOUT 2% AND 1% WHICH WE ARE NOT GETTING BUT IN MONTHLY RETURN CAN WE FILL UP RETURN WITHOUT SHOW OR ENTER AS IN RETURN AS RM SALES

ER1 RETURN RELATED RM REMOVED AS SUCH WITHOUT 2% AND 1% WHICH WE ARE NOT GETTING BUT IN MONTHLY RETURN CAN WE FILL UP RETURN WITHOUT SHOW OR ENTER AS IN RETURN AS RM SALES https://www.taxtmi.com/forum/issue?id=107783 Cenvat credit on imported raw materials removed as such must be reversed when those inputs are returned or rejected; this reversal is to be shown in the CENVAT summary section of the ER1 return and not in the goods-manufactured or "Paid" sheets. No education cess is payable on the reversal. If rejected material is exported back to the supplier, Customs approval is required and, upon authorised export, the material or its replacement may be re-imported without payment of duty. en-us Tue, 30 Dec 2014 13:39:48 +0530 Thu, 23 Jan 2025 15:57:06 +0530 TaxTMI RSS Generator ER1 RETURN RELATED RM REMOVED AS SUCH WITHOUT 2% AND 1% WHICH WE ARE NOT GETTING BUT IN MONTHLY RETURN CAN WE FILL UP RETURN WITHOUT SHOW OR ENTER AS IN RETURN AS RM SALES https://www.taxtmi.com/forum/issue?id=107783 Cenvat credit on imported raw materials removed as such must be reversed when those inputs are returned or rejected; this reversal is to be shown in the CENVAT summary section of the ER1 return and not in the goods-manufactured or "Paid" sheets. No education cess is payable on the reversal. If rejected material is exported back to the supplier, Customs approval is required and, upon authorised export, the material or its replacement may be re-imported without payment of duty. Discussion-Forum Central Excise Tue, 30 Dec 2014 13:39:48 +0530 https://www.taxtmi.com/forum/issue?id=107783