Purchase of hsd oil (diesel) against c-form

This query is : Resolved

A.D.Pradeep Kumar (Querist)
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08 December 2014 Our company is registered VAT & CST dealers in Hyderabad. We use the Diesel for manufacturing of our product and as fuel for vehicles which we use for transportation raw materials, finished goods. We purchase Diesel from Indian Oil Corporation Limited / Bharat Petroleum Corporation Limited on regular basis by paying prevailing VAT charged. Recently, one of the Gujarat based company has offered Diesel at lower price and by charging CST which will reduce our landing cost of diesel by 15%.

Query:-
Shall we purchase diesel (goods notified under Schedule-VI of VAT act)against by issuing C-form? Is there any statutory issues involved?