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Excisable Goods brought under CT I, wants to sale in domestic market

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..... Excisable Goods brought under CT I, wants to sale in domestic market
Query (Issue) Started By: - prabal mukherjee Dated:- 25-5-2014 Last Reply Date:- 26-5-2014 Central Excise
Got 3 Replies
Central Excise
Sir, we have brought 25k of iron ore pellet from odisha manufacturer under CT -1 for export, partial qty exported on existing contract but 7000mts cgo which buyer denied to take is re .....

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..... mained at plot. We do not have excise registration, but want to sell the cargo in domestic market to recover some loss. Domestic buyer wants cenvat on such purchase, but from whom we have purchased (manufacturer) denied any liability on goods and wants us to export the cargo incurring huge loss. Please suggest can we:1) Pay excise and sell the cargo in domestic market. 2) our buyer is end user, ca .....

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..... n they claim cenvat based on our invoice3) do we need to declare the manufacturer invoice to end user.Kindly advuse on above. Reply By Rajagopalan Ranganathan: The Reply: Sir, Please get yourself registered as a dealer. then issue a cenvatable invoice. Since you have received the excisable goods your supplier would have issued an invoice. You can adopt the value shown in your supplier's inv .....

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..... oice and pay duty accordingly. Reply By Rajagopalan Ranganathan: The Reply: Sir, Please get yourself registered as a dealer. Then issue a cenvatable invoice. Since you have received the excisable goods from your supplier he would have issued an invoice. You can adopt the value shown in your supplier's invoice and pay duty accordingly. Reply By prabal mukherjee: The Reply: Thanks sir. We w .....

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..... ill get registered with excise as dealer.
Discussion Forum - Knowledge Sharing .....

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