18 June 2012
I am a Registered Excise Dealer passing MODVAT as First Stage Dealer to my customers. In one particular case my customer is an SEZ Unit who is ready to give Form ARE-1 to exempt Excise. My principal company(From whom I am purchasing the goods) is an interstate purchase with 2% CST against form 'C'.
How do i carry on this transaction? Is it possible for First Stage Excise Dealer to avail benefit of ARE-1 Form? What will be the precautions to be taken if this is possible?
CAclubindia
