TaxTMI 
TaxTMI 
Asset Under Warranty
X X X X Extracts X X X X
X X X X Extracts X X X X
....sset Under Warranty<br> Query (Issue) Started By: - Prashant soman Dated:- 11-2-2013 Last Reply Date:- 12-2-2013 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Sir/ Madam, We have certain ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Asset capitalised in our books . The same is also covered under warranty from vendor, now that asset got failed and for that we will get free of cost replacement from vendor. now issue in front of us ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....is that as we have said asset in FAR can we do the replacement process through 57F4 or we should go for asset scrapping and bringing new asset under new invoice from vendor, please guide Many Thanks ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Reply By Pradeep Khatri: The Reply: First of all please check your agreement/contract/purchase order regarding warranty claims. If the terms are in your favour then you may get it replaced from the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....supplier. Challan under Rule 57F4 is not in existence. You may send the assest on the origin invoice of the supplier, and supplier would raise a new invoice for the purpose of such replacement. Rule....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 16 of Central Excise Rule, 2002, is the relevant Rule and applicable on you supplier in this scenario. Your supplier would have to act under Rule 16. Reply By Prashant soman: The Reply: Thanks a lo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t<br> Discussion Forum - Knowledge Sharing ....