Question on excise

601 views 4 replies
Please solve this below question A, a manufacturer makes fabric and B another manufacturer makes cloth from that Fabric. Between them there is an intermediary party X who doesn't want that A and B should come in direct contact with each other. So, he (X) purchases fabric from A and sell it to B. Now how could he transfer the Modvat credit of Excise to B?. He cant take the help of First Stage Dealer since the invoice of First Stage dealer clearly lists the Name of Manufacturer (A in our case) from where the FSD is buying the goods and the name of seller (B in our case) to whom he is selling it. Advise the client (X), which path he should follow (be it in Excise, or Sales Tax Act) so that the B (manufacturer of Cloth from Fabric) should get the credit of Excise Duty paid on manufacturing of Yarn, and A and B doesn't come in direct contact with each other.
Replies (4)
Nice query. Me too waiting for reply.

Dear sir,

 

Plz any one forward me annexure - 18 formate . 

&

In annexure - 18 what should be involve only sales or purchase. 

plz reply soon.. Email- khanzali07 @ gmail.com

Please help...i am still waiting for the reply

Not possible. You will have to disclose the name of A.

Alternately, do some small manufactruing activity and register as manufacturer. Its upto you to show what you are manufacturing and how you are doing it. Repacking/Branding may also count.

Kindly receck.

 

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