Gautam Joshi (Partner) (361 Points)
28 January 2011Dear all,
According to provisions of Excise, a first stage dealer or second stage dealer can issue invoice to the client and pass on CENVAT Credit of excise duties.
My question is what are the instances where excise duty liability may arise in case of a dealer?
Kindly help.
Thanks in advance.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 29 January 2011
dealer is just accounting mediator between the manufacturer and buyer, so usually dealer has no liability of excise duty in cash,
but wilful negligence / evasion and fraud will be handled under sec 11A / 11AA and 11AC
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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