Excise on Basic Raw Material
This query is : Resolved
19 June 2008
Dear sir
Please Suggest the fallowing, ED benefit can be taken for structral steel item , as the client has denied to pay for the MS Structural steel directly as that is going to be the raw-material for the final Billing Item (galvanised steel support).
The below to options were explained
Procedure- 1
Step A . MS Strutural Steel will be bought out by us
Step B . fabrication at site
Step C. Galvanisation at outside with due gate pass and permissions
Step D. Galavnised Suport structure with due weighment will be received and based on which the invoicing will be done. In this case , the supporting document for invoicing will be MS STructural Excise Invoice from supplier.Hence, it has been requested to client to pass on the ED component of MS Steel to final item ie., galvanised Structure .
Procedure- 2
Step A . MS Strutural Steel will be bought out by Fabricating agency as per our drawing
Step B . fabrication at their works
Step C. Galvanisation at their works.
Step D. Galavnised Suport structure with due weighment will be received and based on which the invoicing will be done. And supplier will pass on the benefit to us.
The procedure 2 is not feasilble as we have already procured the basic raw material ( MS Steel ) , So please suggest us whether procedure 1 is feasible or not for implementation.
Please Suggest the fallowing, ED benefit can be taken for structral steel item , as the client has denied to pay for the MS Structural steel directly as that is going to be the raw-material for the final Billing Item (galvanised steel support).
The below to options were explained
Procedure- 1
Step A . MS Strutural Steel will be bought out by us
Step B . fabrication at site
Step C. Galvanisation at outside with due gate pass and permissions
Step D. Galavnised Suport structure with due weighment will be received and based on which the invoicing will be done. In this case , the supporting document for invoicing will be MS STructural Excise Invoice from supplier.Hence, it has been requested to client to pass on the ED component of MS Steel to final item ie., galvanised Structure .
Procedure- 2
Step A . MS Strutural Steel will be bought out by Fabricating agency as per our drawing
Step B . fabrication at their works
Step C. Galvanisation at their works.
Step D. Galavnised Suport structure with due weighment will be received and based on which the invoicing will be done. And supplier will pass on the benefit to us.
The procedure 2 is not feasilble as we have already procured the basic raw material ( MS Steel ) , So please suggest us whether procedure 1 is feasible or not for implementation.
19 June 2008
very vogue query. pls clarify what is ur company's role in this transaction and how much parties are involved?
sir, when procedure 2 was not feasible, why did u take so much pain to extend legnth of query by typing that.
sir, when procedure 2 was not feasible, why did u take so much pain to extend legnth of query by typing that.
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