Mahesha (Manager-Sourcing) (110 Points)
21 September 2011Dear Friends,
If a trader imports the electronic components and sells it to the local manufacturer. There is no manufacturing activity from the trader. In this case can trader pass on the CENVAT benefit to his customer who is local manufacturer ?. Is there any rules to be followed in this ?.
Regards,
Mahesha M
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 21 September 2011
You need to get registered as delaer under Central excise. Once you get the registration you can issue delaer invoice for passing on the cenvat credit.
Regards
Dayananda
CAclubindia
