excise modvat availability on endrosed excise invoice

[PULKIT AGGARWAL]

Dear Sir, Please Clear this issue on very urgent basis....

We purchase raw material from a first stage dealer. This first stage dealer purchased these goods from outside his state as exup purchase. Supplier prepared all the invoices in the name of first stage dealer and dispatch the material by railway rake.

Before taking the delivery of the rake, first stage dealer sold these goods to us on Railway Receipt Endorsement basis. He made a proper endorsement on back of Excise invoice stating “these bills are endorsed and goods delivered to M/s ……………………………….”along with on railway receipt also and issued a commercial invoice for sale in transit to us. We took the delivery from railway department and received the material.

Now can u get the excise credit on endorsed Excise invoice of parent supplier?

AI Summary

Excise Credit Claim on Endorsed Invoices: Must Consignee's Name Be On Invoice for Validity? Section 2 Rule Clarified. A discussion forum addresses whether excise credit can be claimed on goods purchased via endorsed excise invoices. A company bought raw materials from a first-stage dealer, who had acquired them from outside the state and sold them in transit via railway receipt endorsement. The question is whether the company can claim excise credit based on these endorsed invoices. Responses suggest that while VAT allows such transactions, excise credit requires the consignee's name on the invoice. Some advise obtaining a cenvatable invoice from the first-stage dealer or ensuring the supplier lists the company as the consignee to avoid legal issues.