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Excise

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meenu

Accountant

21 Points Posted on 22 February 2013

Dear All,

My company is not under Excise , Recently we purchased some item from manufacturer which charge excise duty . Now we have to sale further to another company which is also registered in excise.

Is there any provision to remove the excise burden from our company.

If anyone knows request you to reply urgent!!!

Meenu

Replies (3)

Ranjan R

Service

36 Points Posted on 22 February 2013

If your buyer company uses these items as input and avail CENVAT on input, you can pass on Exicse duty paid by you as input credit,if you are registered as First satge Dealer.

SATVEER

executive

63 Points Posted on 06 March 2013

you need to register ur self as an ist stage dearler, then it would be much beneficial for u

Prabhat Kumar

Advocate & Consultant

1820 Points Posted on 11 March 2013

The benefit of Credit of Excise duty can be passed to some other person only if you are registered with the excise department.Since you are not utilisingthe goods as input and want to remove the same as such,you are required to be registered as dealer.