Removal as such invoice and its rules

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2013 INCASE ABC LTD IS EXCISE MANUFACTURER, NOW IT BUYS EXCISE RAW MATERIAL @ RS 10000/- AND PAY EXCISE DUTY FOR IT RS 1236/- TO SELLER (THEY HAVE NOT CLAIMED CENVAT CREDIT RS 1236/-)

(1) NOW IF IT SELLS THIS RAW MATERIAL @ RS 20000/- (ALL BOUGHT QUANTITY) TO XYZ LTD IN THIS CASE HOW MUCH EXCISE DUTY THEY HAVE TO CHARGE IN INVOICE AND HOW MUCH SHOULD THEY PAY (THEY HAVE DONE TRADING FOR THIS MATERIAL) – HOW TO SHOW THIS ITEM’S SALES DETAIL IN SALES INVOICE FOR ASSESABLE VALUE AND EXCISE VALLUE FOR REMOVE AS SUCH

(2) NOW IF IT SELLS THIS RAW MATERIAL @ RS 10000/- (ALL QUANTITY BOUGHT)HOW MUCH EXISE DUTY CHARGED IN INVOICE AND SHOULD PAY TO DEPARMENT. (NO CENVAT CREDIT CLAIMED FOR THIS MATERIAL IN TRADING) – HOW TO SHOW ASSESABLE VALUE AND EXCISE DETAILS IN EXCISE INVOICE

(3) NO IF IT SELLS (ALL BOUNGHT QUANTITY)WITHOUT COST AT ZERO PRICE HOW MUCH EXCISE DUTY CHARGED IN INVOICE AND HOW MUCH SHOULD DEPOSIT IN DEPT.(NO CENVAT TAKEN FOR THIS MATERIAL) HOW TO MENTIONED SALES DETAILS IN SALES INVOICE FOR ASSESSABLE VALUE AND EXCISE

NOW IN ALL ABOVE THREE CASES IF COMPANY HAS TAKEN CENVAT CREDIT RS 1236/- HOW MUCH EXCISE SHOULD CHARGED IN INVOICE AND HOW MUCH EXCISE SHOULD PAY TO DEPT.

PLEASE EXPALIN THE CONCEPT OF REMOVAL AS SUCH IN EXCISE FOR RAW MATERIAL AND CAPITAL GOODS BOTH

Arun Kumar Singh

Arun Kumar Singh (Expert)
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15 December 2013 Manufacturer can not sale the input with value addition on assessable value with excise duty. If process does not amounts to manufacture then you can not issue the taxable invoice if you are registered as a manufacturer. Registered trader can pass the duty to any other trader or manufacturer.