Refund claim cannot be denied when excess duty has been returned through debit/credit Notes, and, the said amount is accounted as ‘receivable’ in the Balance Sheet - sufficient evidence that incidence of duty has not been passed on https://www.taxtmi.com/article/detailed?id=6589 Issuance of credit/debit notes to buyers combined with accounting the refunded amount as a receivable in the Balance Sheet is sufficient evidence that the incidence of excise duty was not passed on; such documentary and accounting treatment rebuts the allegation of unjust enrichment and supports a refund claim for excess duty paid under protest. en-us Sat, 19 Dec 2015 08:12:08 +0530 Sat, 19 Dec 2015 08:12:08 +0530 TaxTMI RSS Generator Refund claim cannot be denied when excess duty has been returned through debit/credit Notes, and, the said amount is accounted as ‘receivable’ in the Balance Sheet - sufficient evidence that incidence of duty has not been passed on https://www.taxtmi.com/article/detailed?id=6589 Issuance of credit/debit notes to buyers combined with accounting the refunded amount as a receivable in the Balance Sheet is sufficient evidence that the incidence of excise duty was not passed on; such documentary and accounting treatment rebuts the allegation of unjust enrichment and supports a refund claim for excess duty paid under protest. Articles Central Excise Sat, 19 Dec 2015 08:12:08 +0530 https://www.taxtmi.com/article/detailed?id=6589