taking credit on the invoice of transit sale

[MEHUL ASHAR]

Respected Sir,

As regarding above subject, one of my client has got the invoice of transit sale in which our supplier which is a non-excisable dealer is mentioned as consignee & on delivery box there is our address 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

AI Summary

Client Eligible for Excise Credit on Transit Sale Invoice: CBEC Circular Clarifies Conditions for Unregistered Dealer Involvement. A client inquired about taking excise credit on a transit sale invoice where the supplier, a non-excisable dealer, is listed as the consignee, and the client is the recipient. The query was addressed by referring to a CBEC circular, which allows the consignee to avail credit if the goods are directly transported from a manufacturer or registered importer, even if the dealer is unregistered. The consensus among responders was that the client can avail the credit, provided the invoice is issued by the manufacturer or registered importer.