FSD SSD

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Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2011 What is meant by FSD and SSD and what is this in excise?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

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,

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