COMMERCIAL INVOICE
This query is : Resolved
09 June 2009
WE ARE REGISTERED UNDER CENTRAL EXCISE. A PARTY HAS PLACED A COMPOSITE ORDER FOR A COMPLETE MACHINERY LINE. WHICH CONSISTS OF THREE IDENTIFIABLE MACHINE. DUE TO THEIR SIZE THEY NEED TO BE TRANSPORTED IN THREE VEHICLES AND INDIVIDUAL EXCISE INVOICES NEED TO BE RAISED AS BREAKUP PRICES ARE AVAILABLE AND INDIVIDUAL LOTS HAVE DISTINCT IDENTITY. THE PARTY NEEDS A SINGLE INVOICE COVERING THE ENTIRE ORDER PLACED BY THEM TO ENABLE THEM TO GET THE FINANCING FROM BANK AND TO AVAIL SUBSIDY. IN THIS RESPECT WE HAVE NO ALTERNATIVE BUT TO RAISE THREE EXCISE INVOICES AND A COMMERCIAL INVOICE COVERING ALL THE THREE INVOICES. THE EXCISE CREDIT WILL BE TAKEN ON THE STRENGTH OF EXCISE INVOICES AND THE ACCOUNTING WILL BE DONE ON THE STRENGTH OF THE COMMERCIAL INVOICES. IS THIS PROCEDURE OKAY?
09 June 2009
The procedure is ok. You may also intimate the ACCE/DCCE of the same as a measure of caution.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Copyright software
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
