[Code of Federal Regulations]

[Title 41, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 41CFR101-27.503]



[Page 126]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-27_INVENTORY MANAGEMENT--Table of Contents

 

               Subpart 101-27.5_Return of GSA Stock Items

 

Sec. 101-27.503  Allowable credit.



    Allowable credit for activities returning material that is accepted 

by GSA will be reflected in billings by GSA and will be commensurate 

with the condition of the material received.

    (a) Credit will be granted at the rate of 80 percent of the current 

GSA selling price after acceptance by GSA for new, used, repaired, or 

reconditioned material which is serviceable and issuable to all agencies 

without limitation or restriction (condition code A).

    (b) Credit will be granted at the rate of 60 percent of the current 

GSA selling price for items which involve limited expenses or effort to 

restore to serviceable condition, and which is accomplished in the 

storage activity where the stock is located (e.g., a deficiency in 

packing or packaging which restricts the issue or requires repacking or 

repackaging (condition code E)).

    (c) No credit will be given for material returned to GSA which does 

not meet the above criteria or which was returned to GSA without prior 

approval.



[56 FR 11939, Mar. 21, 1991]