02 June 2012
Our co. is a manufacturing and trading concern....for the sale of traded goods it issue a invoice under Rule 11 of Central Excise Rule 2002 and on the invoice first stage dealer is written...my questions are:- 1) If the co.is selling traded goods then why excise invoice is issued to the buyer?
11 June 2012
If the selling person is registered under Central Excise as first or second stage dealer, he can issue excise invoice to their purchaser so that the purchase, if a manufacturer having duty obligation, is able to avail cenvat credit or if such goods are sold by a first stage dealer to a second stage dealaer, the second stage dealer would be in a position to issue excise invoice to his customer enabling him to take cenvat credit if required.
CAclubindia
