Assembling of product

Dear all expert

We are manufacturing company (registered in excise) we purchasing material from our vendor with excise which is not our product but we use(sale) it after assembling with another product (which is our pruduct). how we take it in purchse & sale how we treat in excise records.

 

Replies (6)

If you are assembling the bought out goods with your manufactured product intended for sale , same amounts to input eligible for cenvat credit .

Originally posted by : Amit Prakash Singh

Dear all expert

We are manufacturing company (registered in excise) we purchasing material from our vendor with excise which is not our product but we use(sale) it after assembling with another product (which is our pruduct). how we take it in purchse & sale how we treat in excise records.

 

if the combination of vendors product ( purchase) and your makes a new product then u can take cenvat credit on your purchase and clear the goods of yours by paying duty on the same, ( gross value)

Dear Sir,

Vendor product is not our product where we enterd this input (in which register of excise) and wat the treatment in Vat

Sir if same sitution is like that our head office send a product to us (duty paid material) instead of vendor then wat will be in that situtation.

Sir pls explain in both situation where we entere this input (excise register) and how we treat it in Vat

Thanx

Originally posted by : Amit Prakash Singh


Dear Sir,

Vendor product is not our product where we enterd this input (in which register of excise) and wat the treatment in Vat

- here cenvat input credit is available provided the final product is cleared on payment of cenvat duty or exported under bond. 

- vat input credit is available if the vendor has charged VAT and situated within state. 

Sir if same sitution is like that our head office send a product to us (duty paid material) instead of vendor then wat will be in that situtation.

- if head office has dealer registration then cenvat input credit is available, otherwise not, 

- regarding vat if head office has passed vat on your branch then only u can get vat credit, otherwise not,

Sir pls explain in both situation where we entere this input (excise register) and how we treat it in Vat
- Excise RG23A part 1 for stock input, RG23A- part 2 for duty input and payment, RG-1 ( DSA) for finish goods entry after production and clearence on payment of duty. 

Thanx

CST is never entitled for input credit .

Dear sir

we assembling product like this

combine three part (All are Finish product)generate new finish product =

1Part MRP=368

2Part MRP=1899

3 part MRP= 1164

after combine this new part obtain,then how we calculate MRP of new Part .

you have to fix your own MRP of new products, there is no such rule to fix MRP on the basis of input MRP, but it should not be less than input cost. 

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