NILESH PRAJAPATI (EXECUTIVE ACCOUNTS) (66 Points)
18 September 2012HI CAN ANY ONE SOLVE MY QUERY GIVEN BELOW ?
MY COMPANY NAME IS ABC LTD
WE HAVE PURCHASED MATERIAL FROM XYZ & XYZ ATTACHED EXCISE GATE PASS OF BCD COMPANY
WE HAVE SOLD THIS MATERIAL TO PQR
NOW MY QUESTION IS THAT PQR WANT TO TAKE CENVAT CREDIT, SO WHO WILL BE CONSIGNEE IN THE EXCISE GATE PASS OF BCD COMPANY ?
THNX
NILESH
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 18 September 2012
| Originally posted by : NILESH KUMAR PRAJAPATI | ||
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HI CAN ANY ONE SOLVE MY QUERY GIVEN BELOW ? MY COMPANY NAME IS ABC LTD WE HAVE PURCHASED MATERIAL FROM XYZ & XYZ ATTACHED EXCISE GATE PASS OF BCD COMPANY WE HAVE SOLD THIS MATERIAL TO PQR NOW MY QUESTION IS THAT PQR WANT TO TAKE CENVAT CREDIT, SO WHO WILL BE CONSIGNEE IN THE EXCISE GATE PASS OF BCD COMPANY ? THNX NILESH |
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BCD (manufacturer)>XYZ (1st stage dealer) > ABC (2nd stage dealer) > PQR ( puchaser factory)
this is excise system of registration and every identity has to issue cenvatable invoice in order above to pass the duty in order to pass the duty to final buyer PQR
so XYZ and ABC has to get registered with excise as dealer and issue cenvatable invoice under tha chain, without which the ED will lapse after issue of invoice from BCD to XYZ and could not be carried forward to ABC or PQR.
CAclubindia
