Hi,
I am a first stage dealer. as of now I am only the cenvat credit to customer thro excise invoice.
the question is :
I put the selling price + vat of 5.5% in commercial Invoice.
1> Can I charge the cenvat credit amount in the commercial invoice ie selling price + vat of 5.5%+ cenvat amount, as per the excise invoice(cenvat credit). is it leagal?
2> if customer accepts to pay the cenvat credit , can I charge in invoice.? is it legal
pl help.
As a dealer you can pass the cenvat what you have paid at the time of purchase. So Dealer cannnot able to charge the excise duty if your customer is accept to pay more.
You may show as below:
Price xxxxx
EXcise Duty x (which has been paid by you to the Manufacturer)
Total XXXXXX
Vat @ XXXXXX
Total Amount xxxxxx
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