Pass cvd benefit passed to us to another customer

115 views 3 replies

Y imports -> sells to X -> sells to Z (all parties registered with excise)

Z wants an invoice something like as follows:

Value of materials: Rs 1000

CVD duties (addnl): Rs 100

Subtotal: Rs 1100

VAT                 55

Total payable: Rs 1155

Can X provide such and invoice or will the invoice have to have line of excise duty? Z is insistent about seeing CVD and not excise.

Replies (3)
X cannot provide such an invoice but can adjust CVS while his excise duty is due for payment. X will produce an invoice which shows the excise duty which is collected from Z.
Please read CVS as CVS.
please read CVS as CVD.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register