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Cenvat credit
Hey, let us say for example we have 3 people in the market i.e., a Manufacturer (A), a Dealer (B) and another Manufacturer (C). Now here, A and C are chargeable under Excise and B is not. Now the question is what if A sells goods to B and B further supplies the same to C after further process, will C can avail Cenvat credit from A's Invoice i.e., if it is furnished by B to C.
Thank you for your replies.
Replies (4)
if B sale to c in its own name as seller then C will not get credit benefits but, on bill seller was A then yes C can take benefits
Thanks Shubham :)
The bill to ship to model would ensure that C can get the credit. A can bill to B but ship the goods under CE to C. B can then raise a commercial invoice on C. C would then get credit.
Alternative is that B canbe registered as a 1st stage dealer under central excise and issue excisable invoices on whcih C can avil the credit.
Thank you, Madhukar Sir! :)
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