Credit of Excise on goods purchased.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
One Company A is purchasing some goods from Firm B who is purchasing the same from C after adding Excise thereon.
My Query is:
1. Whether Firm B be deemed as first stage dealer for the purpose of Excise Act,
2. Can Company A take credit of Excise duty paid by B on goods purchased from C for the purpose of Service tax payable,
3. If Answer of point 2 above is in affirmative is there any specific format or formalities either of parties have to follow?
My Query is:
1. Whether Firm B be deemed as first stage dealer for the purpose of Excise Act,
2. Can Company A take credit of Excise duty paid by B on goods purchased from C for the purpose of Service tax payable,
3. If Answer of point 2 above is in affirmative is there any specific format or formalities either of parties have to follow?
05 December 2009
First stage dealer - who buy goods from the manufacturer
Credit can be taken on the basis of invoice issued under rule 11 of Central Excise Rules either by a manufacturer or a trader (importer, first stage dealer or second stage dealer) who is registered with the Central Excise Authority.
All the forms or formats are availble on the cbec.gov.in.
Credit can be taken on the basis of invoice issued under rule 11 of Central Excise Rules either by a manufacturer or a trader (importer, first stage dealer or second stage dealer) who is registered with the Central Excise Authority.
All the forms or formats are availble on the cbec.gov.in.
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