Urgenlt query! set off of excise duty ?
This query is : Resolved
19 July 2012
Hello everyone,
Mr.X purchases goods from manufacturer and he supplies the same to manufacturing companies.
on purchases mfr charges him 12.36% of excise duty.
he do not want that company (his clients to whom goods are sold) should know the details of the manufacturer and their price and his margin. he fears that clients will directly contact the manufacturer.
My question:
1. How can he pass the cenvat credit to the company/clients if
a) goods are directly transported from manufacturer warehouse to company/clients place ? and
b) He will receive the goods and then he will transport it to the company/client place ?
Mr.X purchases goods from manufacturer and he supplies the same to manufacturing companies.
on purchases mfr charges him 12.36% of excise duty.
he do not want that company (his clients to whom goods are sold) should know the details of the manufacturer and their price and his margin. he fears that clients will directly contact the manufacturer.
My question:
1. How can he pass the cenvat credit to the company/clients if
a) goods are directly transported from manufacturer warehouse to company/clients place ? and
b) He will receive the goods and then he will transport it to the company/client place ?
19 July 2012
In Any case u have to provide the details of first manufacturer whether goods is directly delivered to party or routed through your address...
20 July 2012
what details of manufacturer we are required to provide. plz. clarify
20 July 2012
Name and ECC Regn No. and as a dealer u hv to charge only proportionate excise which is charged by first manufacturer...
Message likes :
1 times
30 July 2012
is seems you are operating as Dealer. If you want to pass on the duty, you have to disclose your purchase price including name of the supplier. If you do not want to pass on Cenvat or your buyer is not under Cenvat Chain i.e exempted from CExcise , yu may issue a commercial invocie by showing gross amount to be charge + CGT/Vat.
Hope this is clear.
Hope this is clear.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- GST Annual Returns filing due date
- DTCP approval
- Residential status for filling income tax returns in India
- PAYMENT NOT SEND IN 180 DAYS
- Appeals vs Writ court -certain doubt
- Withholding tax applicabikity for foreign paymenttowqards physio therapy treatment
- Input credit reversal for the FY2023-24
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
