TaxTMI 
TaxTMI 
Shortage material received
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....hortage material received<br> Query (Issue) Started By: - SACHIN SHAH Dated:- 5-2-2011 Last Reply Date:- 16-9-2011 Central Excise<br>Got 1 Reply<br>Central Excise<br>Sir, We are purchasing chemical o....
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....n daily basis from x company but Approx 7 to 8 times we had received material shortage ( above 15 % ) amount also huge ( taxable amount -- Rs.25000 ) .We have also take cenvat credit less & In stores ....
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....MRN also book less but party take objection that why i am bare cenvat loss ? Please suggest above issue ? In excise point of view what type of help giving to pary ? Sachin Reply By Surender Gupta: ....
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....The Reply: Cenvat Credit is available on the basis of material received in the factory. If you receive short material than mentioned in Invoice, you have no option but to avail cenvat credit proporti....
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....onate to the material received in the factory. However, if the loss is caused during the manufacturing process, there is no need of reversal or less availment of credit. But, your case is not falling....
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.... in this category.<br> Discussion Forum - Knowledge Sharing ....