Passing cvd beniefit to customer

Dear Sir, I as proprietor of a firm is engaged in importing and trading  of goods from different locations in USA ,Taiwan etc .The percentage of imports in my total turnover is meagre 10% .I am also registered with Local govt in VAT and have TIN Number and also IEC .My total turover is arround 35 lacs .Whereas I import certain items from a company location outside India pay all basic custom duties ,CVD etc .and add profit to it and sell to our customer by VAT invoice including appropriate VAT .

Recently one of our customers has asked to pass on cvd benefit to them .pls advice how is that possible .I don't want to enter into getting registration in central excise and customs due to lot of hassels and documentation .kindly advice if its mandatory for getting registered in Central Excise and Customs and how can i avoid it nd what my reply to customers should be .

Replies (1)

If your turnover is below 1.5 CR, excise registration is not mandotary, it is optional for you. However, if you are paying excise duty on purchases, it is a cost for you now. If you get registered, you can take credit of the same by passing it on to your customer.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details