28 November 2009
WE ARE C& F AGENT & DEALER.WE ARE ALSO DOING EXCISE BILLING AND TAKING CENVAT CREDIT.I WANT TO KNOW WHEN WE ARE ISSUING A BILL TO NON EXCISE DEALER WHETHER WE CAN PASS EXCISE CREDIT TO THAT DEALER.EXAMPLE:- WE HAVE PURCHASED 2 PETROLEUM PRODUCTS FROM EXCISE DEALER.NOW WE HAVE ISSUED THE SAME MATERIAL TO NON EXCISE DEALER ON VAT BILL.WHETHER WE CAN PASS THE CREDIT TO HIM.AS WE HAVE SOLD THE SAME MATERIAL TO NON EXCISE DEALER.
28 November 2009
AS PER MY VIEWS YOU CAN PASS EXCISE CREDIT TO THAT DEALER.BUT THE DEALER CAN NOT PASS THE CREDIT BECAUSE HE IS NOT REGISTERED UNDER CENTRAL EXCISE.
CAclubindia
