FSD SSD

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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)
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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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