20 November 2008
i have to import some material from italy. The material will be sent from italy to its office in kolkata. The indian office will then bill the material to me indicating custom duty, CVD etc. My company is not excise registered. In this case can i pass on CENVAT to my end contumer by doing a Sale-in-transit transaction.
By this method even being non excise registered company we are able to pass on CENVAT benefit to the end user in case of indegineous manufacturer. Is it possible to do this in similar fashion in case of imported supply and passing on the CENVAT.
CAclubindia
