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Regarding clarification on 1st stage & second stage dealer
We Have purchased goods from consignee let me know whether we are 1st stage dealer or second stage dealer
Replies (1)
- I Stage dealer means a dealer, who purchases goods directly from manufacturer or importer or from the depot of an importer or from the premises of the consignment agent of importer, under cover of an invoice. So if such goods were purchased by you from the consignee being agent of importer, then you shall be 1st stage dealer
- II stage dealers means a dealer who purchases goods from 1st stage dealer.
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