Dear all,
According to provisions of Excise, a first stage dealer or second stage dealer can issue invoice to the client and pass on CENVAT Credit of excise duties.
My question is what are the instances where excise duty liability may arise in case of a dealer?
Kindly help.
Thanks in advance.
dealer is just accounting mediator between the manufacturer and buyer, so usually dealer has no liability of excise duty in cash,
but wilful negligence / evasion and fraud will be handled under sec 11A / 11AA and 11AC
dealer is not liable 4 E.D anyway , becoz he is not the manufacture or taxable service provider.
he is nothing but a mode though which goods are passed from one manufacturer to other.
Murali and Sumeet Chartered Accountant
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Kothari Jain Patil & Chartered Accountants
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