PASSING OF MODVAT

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This query is : Resolved

SANTOSH TRIPATHI (Querist)

19 October 2010 we are buying a product but seller is not excise registered hence which we are not getting modvat benefit however for the same product our buyer(to whom we are selling ) wants us to pass MODVAT benefit. Please advice can we pass this, we are registered in excise as a trader.

Thanks in advance for all ur support

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

19 October 2010 No you cannot pass the MODvat.

Message likes : 1 times

Rahul Vora

Rahul Vora (Expert)

20 October 2010 How can you pass the CENVAT which has not been paid.
No it is not possible.

Ambadas

Ambadas (Expert)

20 October 2010 To enable you to pass on the duty, You must procure from Excise Regd Dealer or Manufacturer. Ask your supplier to get registered, if he wants yr business.

S. Banerjee

S. Banerjee (Expert)

25 October 2010 Mr. Tripathi,
you can get the benefit if you advice to your seller to arrange the Excise invoice in your name and the seller will raise the Commercial invoice on you then you can passon the credit to your buyer.
Hope this will solve your problem in future.
Thanks
S. Banerjee

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