Excise Duty JOB WORK
This query is : Resolved
31 January 2009
Dear Sirs,
I am having some excise queries, as follows.
"A"- Company is located in Mumbai owener of brand say "DELTA" & Purchasing the goods from "B" Company with own brand sand sale it in market.
"B"- Company Is located in Delhi and manufacturing products with Brand "DELTA" for "A" Company and They dedicately manufacture this product only for "A" Company. They Can not sale this product in open market.
My queries are as foolows
=============================
1. A is Purchasing Goods with " DELTA" brand hence while removing goods froms "B" Factory Excise Duty is paid on on "B" s saleing price? Is it correct?
2)A is having Dealer Excise Registration in Mumbai. It is not always viable to bring the goods first to "A" s Company (Mumbai)and then disptch all over india. In that case.
- How to passon modvat to "A" s customer.
- Is it possibel to dispatch goods direct to the customer, from "B" s Factory to "A" s Customer.? What will be the procedure other thant E1 Transaction.
I am having some excise queries, as follows.
"A"- Company is located in Mumbai owener of brand say "DELTA" & Purchasing the goods from "B" Company with own brand sand sale it in market.
"B"- Company Is located in Delhi and manufacturing products with Brand "DELTA" for "A" Company and They dedicately manufacture this product only for "A" Company. They Can not sale this product in open market.
My queries are as foolows
=============================
1. A is Purchasing Goods with " DELTA" brand hence while removing goods froms "B" Factory Excise Duty is paid on on "B" s saleing price? Is it correct?
2)A is having Dealer Excise Registration in Mumbai. It is not always viable to bring the goods first to "A" s Company (Mumbai)and then disptch all over india. In that case.
- How to passon modvat to "A" s customer.
- Is it possibel to dispatch goods direct to the customer, from "B" s Factory to "A" s Customer.? What will be the procedure other thant E1 Transaction.
31 January 2009
For excise purposes, duty is to be paid by manufacturer. In the present circumstance, B is manufacturer and liable to pay duty. The duty is liable to be paid on transaction value, which is being paid in the circumstances.
A is registered as dealer, and hence he is able to pass on Cenvat Credit.
To pass on cenvat directly to the A customer, B can make invoice in which A will be the buyer and A's customer will be consignee. A will raise commercial incoice (not dealers invoice) to its customer, who will pay A. On this invoice, consignee can take credit.
The concept is known as transit sale in Central Excise.
A is registered as dealer, and hence he is able to pass on Cenvat Credit.
To pass on cenvat directly to the A customer, B can make invoice in which A will be the buyer and A's customer will be consignee. A will raise commercial incoice (not dealers invoice) to its customer, who will pay A. On this invoice, consignee can take credit.
The concept is known as transit sale in Central Excise.
31 January 2009
For excise purposes, duty is to be paid by manufacturer. In the present circumstance, B is manufacturer and liable to pay duty. The duty is liable to be paid on transaction value, which is being paid in the circumstances.
A is registered as dealer, and hence he is able to pass on Cenvat Credit.
To pass on cenvat directly to the A customer, B can make invoice in which A will be the buyer and A's customer will be consignee. A will raise commercial incoice (not dealers invoice) to its customer, who will pay A. On this invoice, consignee can take credit.
The concept is known as transit sale in Central Excise.
A is registered as dealer, and hence he is able to pass on Cenvat Credit.
To pass on cenvat directly to the A customer, B can make invoice in which A will be the buyer and A's customer will be consignee. A will raise commercial incoice (not dealers invoice) to its customer, who will pay A. On this invoice, consignee can take credit.
The concept is known as transit sale in Central Excise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Not a CA , can we prepare balance sheet
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Income Type for interest from government bonds
- Form 15CB filling clarification
- Invoice Numbers WROGLY ENTERED
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
