diff --git a/kombu/backends/pyamqplib.py b/kombu/backends/pyamqplib.py
index 944069af..44d5aa4d 100644
--- a/kombu/backends/pyamqplib.py
+++ b/kombu/backends/pyamqplib.py
@@ -11,6 +11,23 @@ DEFAULT_PORT = 5672
 
 class Connection(amqp.Connection):
 
+    def _dispatch_basic_return(self, channel, args, msg):
+        reply_code = args.read_short()
+        reply_text = args.read_shortstr()
+        exchange = args.read_shortstr()
+        routing_key = args.read_shortstr()
+
+        exc = AMQPChannelException(reply_code, reply_text, (50, 60))
+        if channel.events["basic_return"]:
+            for callback in channel.events["basic_return"]:
+                callback(exc, exchange, routing_key, msg)
+        else:
+            raise exc
+
+    def __init__(self, *args, **kwargs):
+        super(Connection, self).__init__(*args, **kwargs)
+        self._method_override = {(60, 50): self._dispatch_basic_return}
+
     def drain_events(self, allowed_methods=None, timeout=None):
         """Wait for an event on any channel."""
         return self.wait_multi(self.channels.values(), timeout=timeout)
@@ -31,7 +48,8 @@ class Connection(amqp.Connection):
             except Exception:
                 pass
 
-        amqp_method = channel._METHOD_MAP.get(method_sig, None)
+        amqp_method = self._method_override.get(method_sig) or \
+                        channel._METHOD_MAP.get(method_sig, None)
 
         if amqp_method is None:
             raise Exception('Unknown AMQP method (%d, %d)' % method_sig)
@@ -126,6 +144,7 @@ class Message(BaseMessage):
 
 class Channel(Channel):
     Message = Message
+    events = {"basic_return": []}
 
     def prepare_message(self, message_data, priority=None,
                 content_type=None, content_encoding=None, headers=None,
diff --git a/kombu/messaging.py b/kombu/messaging.py
index 19324e8c..25b4ea9b 100644
--- a/kombu/messaging.py
+++ b/kombu/messaging.py
@@ -18,6 +18,10 @@ class Producer(object):
         compression.
     :keyword auto_declare: Automatically declare the exchange
       at instantiation. Default is ``True``.
+    :keyword on_return: Callback to call for undeliverable messages,
+        when ``mandatory`` or ``imediate`` is used. This callback
+        needs the following signature:
+        ``(exception, exchange, routing_key, message).
 
     .. attribute:: channel
 
@@ -46,14 +50,17 @@ class Producer(object):
     auto_declare = True
     routing_key = ""
     compression = None
+    on_return = None
 
     def __init__(self, channel, exchange=None, routing_key=None,
-            serializer=None, auto_declare=None, compression=None):
+            serializer=None, auto_declare=None, compression=None,
+            on_return=None):
         self.channel = channel
         self.exchange = exchange or self.exchange
         self.routing_key = routing_key or self.routing_key
         self.serializer = serializer or self.serializer
         self.compression = compression or self.compression
+        self.on_return = on_return or self.on_return
         if auto_declare is not None:
             self.auto_declare = auto_declare
 
@@ -61,6 +68,9 @@ class Producer(object):
             self.exchange = self.exchange(self.channel)
             self.auto_declare and self.declare()
 
+        if self.on_return:
+            self.channel.events["basic_return"].append(self.on_return)
+
     def declare(self):
         """Declare the exchange.