Invoice system
SUBHASH SHARMA
(Querist) 26 March 2013
This query is : Resolved
we raise a Excise Invoice at the end of month for example 31st March-13 removal time is automatically printed on invoice by ERP software. But Goods are not removed from the factory same day or goods are removed next day 01.04.2013 or some other day within 10-15 days for example 15th April 2013. Date & time of removal of goods is put manually also.
My queries are :-
i) Removal of Goods to some other day is allowable or not. When goods removal time is already put by ERP Software and at the time of removal of goods to some other day, time and date is put manually also is allowable or not.
ii) Invoice Raised but removal time is not mentioned on invoice. How long we can retain the material. Can goods be removed after 2-3 days or 10-15 days.
iii) If
2) If Invoice has been raised on 31st March-13 but goods not removed by 15th April 2013. Duty has been paid on 5th April 2013. On 16th April-13 these invoices are cancelled and we take the credit of cancelled invoice. It is allowable or not.
3) What is the rule of removal of Excisable Goods : For example If Invoice has been raised today, is there any law that goods should be removed immediately or within 24 hrs.
i) If removal time is mentioned on invoice
ii) If removal time is not mentioned on Invoice.
Hope, you would understand my question.
Please take your time and advise.
Regards
Subhash Sharma
Advocate
Sankaranarayanan
(Expert) 27 March 2013
go through the chapter 4 of central excise ie invoice system .
