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TMI Blogtaking credit on the invoice of transit saleX X X X Extracts X X X X X X X X Extracts X X X X ..... taking credit on the invoice of transit sale X X X X Extracts X X X X X X X X Extracts X X X X ..... ess to receive goods.So the question arises that can my client who is an excisable assessee can take the credit of excise on the invoice of transit sale. Please reply. thanking u Reply By Rajagopalan Ranganathan: The Reply: Sir, Please see point 5 (iii) of CBEC's Circular No. 1003/10/2015-CX dated 5.5.2015 which states that "Where a un-registered dealer negotiates sale of an entire c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsignment from a manufacturer or a registered importer and orders direct transport of goods to the consignee, credit can be availed by the consignee on the basis of invoice issued by the manufacturer or the registered importer. As the dealer is not registered, there is no question of issuing any Cenvatable invoice by him . Such dealers as in the past can continue to be un-registered. In view of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the above you can avail the credit.
Reply By MUKUND THAKKAR:
The Reply:
agree, with the view of Sir Rajagopalan Ranganathan.
Reply By Mahir S:
The Reply:
Sir,
Has he received excisable invoice and original invoice is issued by whom.
Reply By MEHUL ASHAR:
The Reply:
THANK U SIR FOR UR REPLY. X X X X Extracts X X X X X X X X Extracts X X X X
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