excise modvat availability on endrosed excise invoice

[Asked by Guest]

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

Cenvat credit eligibility requires the buyer to be named as consignee on the excise invoice for credit to be allowed.
Cenvat credit cannot be taken on an excise invoice merely endorsed by a dealer or supported by letters; the excise invoice or cenvatable invoice must expressly show the buyer as consignee or the dealer must issue a cenvatable invoice under the central excise rules to allow credit.