Circular No. 120/31/95-Central Excise

dated 1/5/95
 F.No. 267/31/95 CX.8
 Government of  India

Ministry of Finance, (Department of Revenue)

Central Board of Excise & Customs, New Delhi

Subject:- devising the procedure / amendment of Rule where inputs on account of being defective are returned to the supplier of inputs as the trade has represented that in such cases,  invoices cannot be issued – Point No. 5 of the Principal Collector”s Conference held on  20th / 21st January, 1955 – Regarding.

I am directed to refer to the Point No. 5 of the minutes of the Principal Collector”s Conference held on the 20th / 21st January, 1995 regarding devising of the procedure / amendment of Rule where inputs on account of being defective are returned to the supplier of inputs as the trade has represented that invoices cannot be issued in such cases.

2.The Board has examined the matter. It is observed that the provisions of Rule 57F(3) are squarely applicable to a case wherein defective goods are to be returned to the supplier of the goods. Hence, the procedure prescribed under Rule 57F(3) can be followed for return of such goods by the buyer to the supplier and the movement of the goods can take place on Rule 57F(3) challans without involving credit/ debit in the RG-23A part-II account. Necessary action be taken to safeguard revenue where defective inputs are not received back by the manufacturer.

Sd/-
(Mallika Arya)
Under Secretary to the Government of India

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Download our App

  

More Under Excise Duty

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

February 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
26272829