We are the manufacturers of Pharmecutical formulations.We get inputs from original manufacturers as well as dealers.Some times we get the input invoices directlly from the manufacturer on behalf of the dealer mentoning the dealer's/ buer's name and consignee's name.
1) Is it right that the manufacturer is showing both names in invoice.
2) Is it right that the consignee is avialing the cenvat credit.
Please let us have your view's and suggesstion's if any.
M.ARAVIND
Pharmaceutical consignee can claim CENVAT credit when goods arrive; invoices must list buyer and consignee. A manufacturer of pharmaceutical formulations inquired about the appropriateness of input invoices listing both the dealer's and consignee's names and whether the consignee can avail CENVAT credit. The responses clarified that it is correct for the supplier to list both buyer and consignee addresses when they differ. The consignee can indeed take CENVAT credit once the goods arrive at their premises. Additionally, it was noted that the dealer should issue an invoice to collect payment. (AI Summary)
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