Procedure - return of stock

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....rocedure - return of stock<br> Query (Issue) Started By: - Kafeel Dated:- 29-4-2009 Last Reply Date:- 1-5-2009 Central Excise<br>Got 1 Reply<br>Central Excise<br>WE purchased raw materials in April`08....

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.... and availed excise cenvat credit & VAT.Due to closing of that particular business, we decided to return the entire stock of Raw materials to supplier.Can you enlighten what the procedure to adopt und....

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....er Excise and VAT. Reply By Madhukar N Hiregange: The Reply: Under central excise reverse the duty credits availed and bill back to the supplier after establishing under which invoice it came. The co....

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....nsideration maybe different but excise would be the same. Under VAT since the credit is available on the same price back to the supplier charge the VAT.<br> Discussion Forum - Knowledge Sharing ....