on 10-04-2010 6:13 PM
Dear All,
Can anybody tell me, if it is possible to reverse an ARE-1 Certificate partially but not for the entire document.
Rgds,
Dear,
In what business senario you want to do partial reversal. I think you want to do quantity to quantitiy amemndment in that case
If the customs officer noted a shortfall in the quantity of goods, the excise clerk entersthe shortfall as well. Since the where abouts of the missing goods cannot beaccounted for, they no longer qualify for exemption from excise duty. Your company
is therefore liable for the excise duty on the shortfall, plus interest, backdated to the date when you removed the goods from your premises. The clerk specifies which excise registers to pay the excise duty from.
Regards
RKS
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