Want to Invoice Raw Materiel on Our Own organization and send to supplier for samples

[Atul Dubey]

Dear All,

As mentioned in subject,i want to invoice material on our own company ( As customer) and send this material to our suppliers as samples Free of Charge.

is it possible can any one provide the excise law for that.

Thanks & Regards

Atul Dubey

[Ganeshan Kalyani]

How can you send goods to yourself. By invoicing on your company name it will mean the same.

[YAGAY andSUN]

Dear Atul,

You may directly issue an invoice to the Supplier on payment of Duty without any consideration as samples free of cost. You may also charge duty on Cost + 10% under CAS-4. There is no restrictions in Excise Laws in this regard. However, you need to reverse ITC under VAT Laws.

Regards,

YAGAY and SUN

[Anirudh BK]

Dear Atul,

Invoice cannot be raised in your company name.

If your are removing excisable goods from your factory premises as sample to your customer, then duty chargeable would depend on the value of the similar goods removed from your factory and at the time nearest to the time of removal of sample goods.

Thanks and Regards,

Chanakya Accounting and Corporate solutions

AI Summary

Duty on samples free of charge: invoice recipient, discharge duty (CAS 4 valuation), and reverse VAT input tax credit. Removal of raw material as samples free of charge cannot be invoiced to oneself; duty on such sample removals must be charged and valued by reference to similar goods removed from the factory nearest in time. An invoice may be issued to the recipient and duty discharged, with CAS 4 (Cost + 10%) commonly applied for valuation; VAT input tax credit reversal obligations arise when samples are provided without consideration.