Hello Experts,
I want to know that, is there any option to issue cenvatable excise invoice other then like first stage, second stage dealers ( required for a firm engaged in trading and turnover is arround 50 Lacs, but required to survive in compititive market)
Hope for a related and good reply asap
Thanks
As per CENVAT Credit Rules, 2004 (Rule 9), the document in which cenvat credit can avail is the invoice and the inovice should be issued by manaufacturer/ service provider, importer, first stage dealer and second stage dealer. Therefore a first stage delaer or second stage dealer can issue central excise inovice as per Rule 11 of Central Excise Rules, 2002.
first stage dealer" means [a dealer, who purchases the goods directly from],-
(i) the manufacturer under the cover of an invoice] issued in terms of the provisions of Central Excise Rules, 2002 or from the depot of the said manufacturer, or from premises of the consignment agent of the said manufacturer or from any other premises from where the goods are sold by or on behalf of the said manufacturer, under cover of an invoice; or
[(ii) an importer or from the depot of an importer or from the premises of the consignment agent of the importer, under cover of an invoice;
"second stage dealer" means a dealer who purchases the goods from a first stage dealer;
CAclubindia
