Return of Duty Paid Goods to the Factory, Rule 16 of the said Rules provides for return of any goods, on which duty has been paid at the time of removal. PART IV Return of duty paid goods to the factory Return of duty paid goods 1.1 Rule 16 of the said Rules provides for return of any goods, on which duty has been paid at the time of removal, to the factory for being re-made, refined, re-conditioned or for any other reason. In such cases, the assessee shall state the particulars of such return in his records and shall be entitled to have CENVAT credit of the duty paid as if such goods are received as inputs under the CENVAT Credit Rules, 2001 and utilise this credit according to the said rules. As per this rule the goods should return to the same factory in which they were produced. 1.2 If the goods so returned are subjected to certain process which do not amount to manufacture, the manufacturer shall pay an amount equal to the CENVAT credit taken. 1.3 In any other case [where the returned goods are subjected to process(es) amounting to manufacture] the manufacturer shall pay duty at the rate applicable on the date of removal and on the value determined under Section 4 or Section 4A of the Act, as the case may be. 1.4 In the event the assessee has any difficulty, the Commissioner is empowered to resolve the same and permit the entry of the goods into the factory and the availment of CENVAT credit thereon. For this the Commissioner, either on case to case basis by special order or to be applied to "particular type of case" by general order, impose such conditions as may be necessary for safeguarding interest of revenue.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 17-07-2024 GTRI is concerned about precious metals imports under India-UAE trade pact Date: 17-07-2024 Looking at setting up centre for negotiations on FTAs, other biz deals: Comm Secy Date: 17-07-2024 Upward march: IMF raises India's GDP growth forecast for FY25 to 7% Date: 17-07-2024 GTRI is concerned about precious metals imports under India-UAE trade pact Date: 16-07-2024 Food inflation is the biggest concern, although core inflation at a record low of 3.1% in June: CRIS Date: 16-07-2024 Vizinjham port will reduce time, logistics cost for Indian manufacturers: APSEZ CEO Karan Adani Date: 16-07-2024 India seeks to boost exports to Russia after PM Modi's trip Date: 15-07-2024 Budget 2024: Agro-chemical sector seeks hike in import duties Date: 15-07-2024 Pakistan imposes ban on wheat import, flour export Date: 15-07-2024 Budget 2024: Export tax relief, and import duty cut on gold among top demands from industry What is New? Date: 27-06-2024 Notification No. 26/2024-Customs seeks to extend the exemption provied to imports of specified defence equipments for a further period of 5 years Date: 20-06-2024 Notification No. 45/2024 - Customs (N.T.) Exchange Rate Notification No. 45/2024-Cus (NT) dated 20.06.2024-reg Date: 14-06-2024 Notification No. 43/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Date: 06-06-2024 Notification No. 40/2024 - Customs (N.T.) Exchange Rate Notification No. 40/2024-Cus (NT) dated 06.06.2024-reg Date: 31-05-2024 Notification No. 38/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. Date: 30-05-2024 NOTIFICATION No. 11/2024-Central Tax Seeks to amend Notification No. 02/2017-CT dated 19th June, 2017 to assign district of Kotputli-Behror to CGST Alwar Commissionerate Date: 29-05-2024 NOTIFICATION No. 10/2024-Central Tax Seeks to amend the Notification no. 02/2017-CT dated 19.06.2017 with effect from 5th August, 2023 Date: 21-05-2024 Notification No. 37/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Date: 16-05-2024 Notification No. 36/2024 - Customs (N.T.) Exchange Rate Notification No. 36/2024-Cus (NT) dated 16.05.2024-reg Date: 15-05-2024 Notification No. 35/2024-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg
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