A is a manufacturer having excise registration and B is also a manufacturer having excise registration. A gives order to B for supply of certain machinery which includes a bearing to be supplied free of cost from A. Now the supplier of bearing bills it to a A and name of consignee is B. The bearing is directly delivered to B.
Ques.1 How the excise credit will flow to A ?
2 Will A make entry of purchase of bearing in its book and then entry of sale to B?
3. At what point of time credit of excise will be available to A?
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