about selling goods received from a non-excisable mfg., Central Excise

[MEHUL ASHAR]

Respected Sir,

                          How to sale goods received as sales return from a non-excisable manufacturer?Can I take credit on the vat invoice he has sent to me about the part quantity he has sent to me alongwith the "Duplicate for Transporter copy" of mine.

Posts / Replies

[JSW SEVERFIELD STRUCTURES LIMITED]

Dear Mehul,

If it is a excisable goods you may have to sell charging Excise Duty. And also you can avail Cenvat Credit on the goods what the mfg. has sent based on DFT copy. and also you can avail VAT credit if the sale has taken place in the same state.