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

[prabal mukherjee]

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 remained 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, can they claim cenvat based on our invoice3) do we need to declare the manufacturer invoice to end user.Kindly advuse on above.

[Rajagopalan Ranganathan]

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 invoice and pay duty accordingly.

[Rajagopalan Ranganathan]

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.

[prabal mukherjee]

Thanks sir. We will get registered with excise as dealer.

AI Summary

Company Seeks Excise Registration to Sell Unsold Iron Ore Domestically with CENVAT Credit after Export Refusal A company purchased 25,000 metric tons of iron ore pellets under CT-1 for export, but 7,000 metric tons remain unsold due to a buyer's refusal. Without excise registration, they seek to sell domestically to mitigate losses, but the domestic buyer demands CENVAT credit. The original manufacturer denies liability and insists on export. Advice includes registering as a dealer, issuing a CENVATable invoice, and using the supplier's invoice value to pay duty. The company plans to register with excise as a dealer following this guidance.