what is the processor?.

[chaganti srinivas]

Dear sirs, I have one issue that is i sent one consignment with payment of excise duty and sales tax in last year for 'X', that material kept in transporters goodwon because we sent excess qty. now we have to send that material from there to another customer 'Y' now is issue is,how can i generate the invoice from my factory?. Pls. give your valueable sugesstions to me on this issue. Regards, BENARJEE. GOVADA

[Surender Gupta]

If there is no issue with regard to CENVAT credit to be passed to the new customer, you can do so by preparing non-excise Invoice. But, in my view the best solution is to follow the procedure prescribed in rule 16 of the Central Excise Rules, 2002. It would help you solve the issue under central excise as well as under vat.

AI Summary

CENVAT credit implications: use the prescribed central excise transfer procedure to invoice redirected consignments correctly. When goods held in a transporter's godown after excise and sales tax payment are redirected to a new buyer, if the transfer does not affect CENVAT credit entitlement the supplier may issue a non-excise invoice; alternatively, following the prescribed central excise transfer procedure for third party storage is recommended to ensure compliance with excise and VAT formalities.