Manufacturer & first stage dealer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2012
A firm is registered with Excise Dept as a Manufacturer. It purchases Fabric & manufactures Bags. Now it wishes to Trade in Fabric. The Fabric will be sold in its original form i.e without any alteration.
1) Will a separate regn be required as a Dealer?
2) Suppose the firm pays Rs.10 as Excise Duty on the Fabric it purchases then will it simply pass this on to the next buyer or it will charge say Rs.12 & claim Rs.10 as set off?
1) Will a separate regn be required as a Dealer?
2) Suppose the firm pays Rs.10 as Excise Duty on the Fabric it purchases then will it simply pass this on to the next buyer or it will charge say Rs.12 & claim Rs.10 as set off?
Arun Kumar Singh
(Expert)
20 July 2012
Registered dealer can pass the excise duty. they can't claim of cenvat credit.
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