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TMI BlogCharged proportionatelyX X X X Extracts X X X X X X X X Extracts X X X X ..... A trader importer (regd under excise) imports goods in bulk say 5 m.t. sales to 5 customers 1 mt each.Whatever CVD he pays ,he proportionately charges to his Customers ,is it o.k.? - Reply By Surender Gupta - The Reply = Thechnically and practically the importer has to pass the incidence of CVD proportionate to quantity in favour of buyers irresptective of the value at which such goods are sold. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Madhukar N Hiregange - The Reply = If he is registered under central excise he can issue an invoice under Rule 11 for 1 tonnes each to 5 people. He should ensure that he does not pass on duty credit more than he has paid to the extent of Addtional Duty of Customs( popularly called CVD) and the special CVD of 4%. - Reply By Sunil Chowdhary - The Reply = What you say is allright as per la ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w. However, you have to register with CENVAT as an importer (primary first stage dealer) to be able to issue CENVAT Invoice and you can pass on CVD quantity to quantity. However only a manufacturer gets the final CENVAT credit of CVD. therefore you have to issue the invoice and CVD direct to manufacturer and not to another trader. Normally if you pass on Rs.100 CVD to Manufacturer he will consider ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an increase in your price by only about Rs.40-60 as he has an input output norm to follow while claiming CENVAT credit on the CVD. - Charged proportionately - Query Started By: - paresh zatakia Dated:- 22-6-2006 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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