19 July 2013
good evening experts, we are excisable unit. sir we have take registration of sale as a trader from sale tax deparement . then sir we are selling our raw material as a trader which we purchase from our vendor. then sir my query is that will we sell this raw material with excise duty add 12.36%.please help sir in this regard. i ask this question to my superintendent then he told me that you can do this. please help
20 July 2013
Dear, Refer the following notes as per the excise act..
Who is a Trader/Dealer?
ATrader/Dealer is someone who purchases and sells goods and maintains an inventory of goods. A registered Excise dealer is a dealer of Excisable goods who is registered under Central Excise rules, 1944 and on the strength of whose invoice CENVAT credit can be taken.
Who will be covered under Dealer Excise?
The following dealers are covered under Dealer Excise First Stage Dealer
A. First Stage Dealer is one who purchases goods directly from any of the following:
*. The manufacturer under the cover of any invoice issued in terms of the provision of Central Excise Rules, 2002 or from the depot of the said manufacturer.
*. Goods purchased from the premises of the consignment agent of the said manufacturer.
*. Goods purchased from any other premises from where the goods are sold by or on behalf of the said manufacturer.
*. Goods purchased from an importer or from the depot of an importer.
*. Goods Purchased from the premises of the consignment agent of the importer.
Second Stage Dealer
A registered dealer who purchases goods from the First Stage Dealer is called a Second Stage Dealer.
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