rules regarding E1 sales

[Asked by Guest]

Sir,

We are situated in West Bengal purchased goods from M/s. Simens, Thane through M/s. Shantilal (Buyer) located in West Bengal on whom the order was placed with a remarks that M/s. Siemens shall be Principal i.e. principal supplier.. Simens has directly delivered the materials to us (consignee) along with DFT copy mentioning us as consignee and Buyer's address. Subsequently Buyer has submitted Invoice copies to us. Can we avail Cenvat credit based on the DFT copy submitted by Siemens. Please guide us. Regards,

Subir Chatterjee

AI Summary

Cenvat credit entitlement clarified: consignee can claim credit on manufacturer or importer invoice for direct deliveries.
If a dealer (registered or unregistered) negotiates sale and directs goods from a manufacturer or registered importer to a consignee, the consignee may avail Cenvat credit on the basis of the manufacturer's or importer's invoice; registered dealers who split consignments and issue Cenvatable invoices may also order direct transport to consignees subject to the prescribed procedural conditions, and direct import movements must have the invoice record the direct transport to the buyer's premises.