Excise credit pass on to customer
This query is : Resolved
24 November 2010
We are reg istered Trader under excise. We are importing the goods and taking input credit CVD, Cess and Edu. Cess on CVD and Sperical add duty on CVD.
Whenever we raising invoices to party we just passing iput credit amt to customer.
Is it correct paractise? if yes can we transfer the CVD input credit to customer?
Please advise
Whenever we raising invoices to party we just passing iput credit amt to customer.
Is it correct paractise? if yes can we transfer the CVD input credit to customer?
Please advise
24 November 2010
yes its correct. You can pass on CVD, Ed. Cess, S & H Ed. Cess and SAD.
Madhukar N Hiregange
(Expert)
27 November 2010
SAD can be passed on if you are not going for refund. Certifying the same maybe useful for the cusotmer.
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