Clarification regarding the following problem.

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This query is : Resolved

Nitin Sewal (Querist)

18 January 2012 The manufacturer (A Ltd.) sold the goods on invoice to his customer (B Ltd.),in whcih consignee is Third Party (C Ltd.). I am the C Ltd.
A ltd. levied excise on the goods soldon nov.,11 and C ltd. upon receiving the material from A ltd. with invoice,taken cenvat credit of the duty.
And B Ltd. raise invoice on C LTd. after incresing value and accordingly excise duty on his invoice in jan,12.
What will be the treatment of cenvat credit.
On which invoice i will take credit.
And whose invice is final on which i will take credit.

U S Sharma

U S Sharma (Expert)

18 January 2012 under a manufacturer invoice, only the buyer is entitled to avail credit,

C Ltd can not take credit as his Registration number is nowhere mentioned in records of A ltd.

Nitin Sewal

Nitin Sewal (Querist)

18 January 2012 B ltd. is also levied excise on the bill @10% after taking profit element. ANd B ltd. not received the material ,Material Received by the C Ltd. for manufacturing his finished prodcut, then how to say C ltd. is not entitled for Cenvat Credit

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