TaxTMI 
TaxTMI 
matl quality prblm - consumption loss - credit reversal
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....atl quality prblm - consumption loss - credit reversal<br> Query (Issue) Started By: - venkat eswaran Dated:- 15-9-2012 Last Reply Date:- 18-9-2012 Central Excise<br>Got 1 Reply<br>Central Excise<br>S....
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....ir, We have paint mfg industry. There is a quality problem at customer end and part qty he consumed as a quality analysis and testing purporse and rejected. actually we supplied 400 ltrs. but he retu....
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....rns only 300 litrs. balance 100 ltrs gone as loss in quality problem testing. how can i reverse the excise duty and sales tax amt for total qty or whatever he returns qty? physicaly they retuend 300 l....
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....trs only. Reply By Pradeep Khatri: The Reply: Please check Rule 16 of the CER,2002 as amended time to time, in this regard. You may avail/reverse (as the case may be) the CENVAT credit only on 300 l....
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....trs since 100 ltrs. of pain have not been returned to you.<br> Discussion Forum - Knowledge Sharing ....