FSD SSD
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2011
What is meant by FSD and SSD and what is this in excise?
15 April 2011
the aboe word is occurs in c. excise.
First-stage dealer (FSD) has been defined as one who purchases the goods directly from: a) the manufacturer under the cover of an invoice issued under Rule 52A or 100E or the consignment agent selling goods on behalf of t he manufacturer under the cover of an invoice; and
b)an importer or the consignment agent of the importer under the cover of an invoice.
Second-stage dealer (SSD) has been defined as a person who purchases goods from an FSD.
as per Rule 57AE(1): Cenvat credit can be taken on the strength of the following documents: a) invoice issued by a manufacturer of inputs or capital goods under Rule 52A, 52AA or 100E; b) bill of entry; invoice issued by a first-stage dealer und er Rule 52AA; c) invoice issued by a second-stage dealer under Rule 52AA; d) invoice issued by an importer under Rule 52AA; e) invoice issued by an importer from a depot/premises registered under Rule 174; f) invoice issued by a first/second-s tage dealer of imported goods registered under Rule 174; g) invoice issued by a manufacturer of final products for clearance of inputs or capital goods as such.
Regards,
First-stage dealer (FSD) has been defined as one who purchases the goods directly from: a) the manufacturer under the cover of an invoice issued under Rule 52A or 100E or the consignment agent selling goods on behalf of t he manufacturer under the cover of an invoice; and
b)an importer or the consignment agent of the importer under the cover of an invoice.
Second-stage dealer (SSD) has been defined as a person who purchases goods from an FSD.
as per Rule 57AE(1): Cenvat credit can be taken on the strength of the following documents: a) invoice issued by a manufacturer of inputs or capital goods under Rule 52A, 52AA or 100E; b) bill of entry; invoice issued by a first-stage dealer und er Rule 52AA; c) invoice issued by a second-stage dealer under Rule 52AA; d) invoice issued by an importer under Rule 52AA; e) invoice issued by an importer from a depot/premises registered under Rule 174; f) invoice issued by a first/second-s tage dealer of imported goods registered under Rule 174; g) invoice issued by a manufacturer of final products for clearance of inputs or capital goods as such.
Regards,
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- GST ON DAMAGED GOODS
- Specified Profession
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
