Trading business and excise

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Vijay Soni (Querist)
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30 January 2016 There are 5 parties are involved in a business, say A to E. (all are registred in Excise) imports the goods and sale goods to B by charging CVD, Adl Duty. Now B sale to C, C to D and D to E who is a manufacturer. Now the question is how Cenvat will be passed and whether E will get Cenvat credit setoff ?

Pl reply on urgent basis.

Thanks.

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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13 February 2016 E will not get credit. However it is advisable that availing cenvat in such situation should be taken after discussing full facts and obtaining opinion from expert