23 March 2009
Dear Sir, I have had a transaction with an MNC company who have manufacturing facilities in India (registered in excise) & they also have at 7-8 manufacturing facilities across globe . They import refrigeration units from their other locations & sell as it is in India. I had purchased a refrigeration unit with them , the bill raised by them shows basic value ,CVD & sales tax . On top of bill heading says Delivery challan Cum Retail invoice. However invoice didn't had any excise no. information. Now I want to claim modvat & asked them for the same. They are saying that they can not pass modvat & value shown is just a build up. For information earlier while releasing PO I had not mentioned anything about Modvat .Please suggest if I can get setoff.
24 March 2009
You cannot take modvat. cenvat credit can be taken only on manufacturer's or dealers invoice. The retain invoice you are referring is not a valid document to take credit.
CAclubindia
