New Trader, Central Excise

[Pratik Jadav]

Dear Sir/Madam,

Regards to all.

I am a new to Chemical trading business, Specifically Solvents.

I want to know about Excise duty. It is already in process.

How to charge excise duty and how to forward the same etc.

Your response will be highly appreciated.

Thanking You,

Pratik S Jadav

+91 9979767043

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

The manufacturer of the excisable goods will sell the said goods on payment of duty under his invoice. You take the duty paid by your supplier as credit. You register yourself as first stage dealer under rule 9 of Central Excise Rules, 2002 and then by issuing cenvatable invoices pass on the duty paid on excisable goods sold by you to your customer.

[Ganeshan Kalyani]

Sir, though RG23A / C, Part I & II is not statutory requirement anymore but Companies are still maintaining it for clearity and control. Excise duty paid on purchases in a Cenvat credit which can be set of against excise duty payable. A proper accounting to establish the correct compliance is required. Thanks.