New Trader

[Asked by Guest]

Dear Sir/Madam,

Regards to all.

I am a new to Chemical trading business, Specifically Solvents.

I want to know about Excise duty. It is already in process.

How to charge excise duty and how to forward the same etc.

Your response will be highly appreciated.

Thanking You,

Pratik S Jadav

+91 9979767043

AI Summary

Cenvat credit entitlement enables dealers to claim duty paid on purchases and pass it forward via cenvatable invoices.
Manufacturers sell excisable goods on payment of duty and purchasers may take that duty as Cenvat credit, which can be utilised against excise liability by issuing cenvatable invoices. Traders should register as first stage dealers under rule 9 of the Central Excise Rules, 2002 and maintain proper accounting; RG-23A/23C records, while not statutory, are often kept for clarity and control to substantiate credits and set-off.