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

Invoicing Raw Materials to Own Company for Samples: Duty on Cost Plus 10% Under CAS-4; ITC Reversal Needed. An individual inquired about invoicing raw materials to their own company and sending them to suppliers as free samples. One respondent questioned the feasibility of invoicing oneself. Another advised that invoicing directly to the supplier with duty payment is permissible, suggesting charging duty on cost plus 10% under CAS-4, but noted that ITC reversal under VAT laws is necessary. A third response clarified that invoicing in the company's name is not possible, and that duty on samples should be based on the value of similar goods removed from the factory.