Cenvat credit

Hello,

According to me, you might have not yet registered in Excise as limit for the same might not have met, and if you are covered under the definition of manufacturer, then please register under Excise.

As per the descripttion given, it seems you are involved in trading activity, no alteration from your end in parts imported. Trading is exempted from Excise and Service Tax. 

If you want, you can pass on credit of SAD and CVD to the manufacturer. Once you pass it, you cannot claim it for yourself.

Yes Tanvi,

Thanks for your reply

You are correct in your assessment. I am not a manufacturer and exclusively involved in trading. I am selling the product to manufacturers and not final consumer.

If I have to pass the credit to the consumers, then would I be required to reveal my costs ( For obvious reasons, we dont want to reveal the CIF price of the product).

Further, if i don't want to pass it, then, how can i claim it myself

Regards

If you want to pass it then directly pass the tax invoice with your bill to the manufacturer

Further if you want you can claim refund i guess, but that would be tedious job. So accordingly its upto you to pass it to the manufacturer, or to claim refund.

Also you have to pass on the original import invoice to the manufacturer so that, he can claim credit, so the cost will be disclosed therby.

Hi Tanvi

Sorry to bother you again.

If I want to claim the refund. Then, how can I do that?

Further, if i get my firm registed with excise, will this change the scenario?

Regards

Rajat Gupta

For claiming refund you have to anyways get urself registered under excise, then submit the documents of import to the concerned adjudicating officer who will assess the feasibilty and would process the refund subject to some conditions to be fulfilled by you. the conditions for claiming refund are not much known to me.

Thanks Tanvi for your help.

Regards