cenvat credit

[aravindakshan m]

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

[SANJEEV JADHAV]

Dear Sir, If seller mention names both of buyer and consignee, then consignee can take credit of cenvat invoice. Their will not be any problem for taking cenvat credit.

[Ramaiah Swamy]

good evening mr. aravindakshan,

 

1.  Since the buyer and the consignee are different, the supplier is right in showing the addresses of the said two parties

2.  Cenvat credit should be taken when the goods arrive at the premises

3.  Since the goods have gone directly to consignee, consignee can take cenvat credit

4.  Dealer has to raise an invoice for collecting his money

With best wishes,

 

Ramaiah swamy

 

 

AI Summary

Cenvat credit entitlement: consignee named on supplier invoice may avail credit upon receipt of inputs at its premises.
Cenvat credit may be claimed by the consignee when the supplier's invoice names both buyer and consignee and the inputs are received at the consignee's premises; the supplier may properly list both parties and credit is taken upon arrival of goods, while a dealer may issue an invoice to collect payment without affecting the consignee's entitlement.