about the sale of raw material

[MEHUL ASHAR]

Respected Sir,

                       What is the way to sale raw material which are purchased through a commercial invoice in excise or we have to  make an excisable invoice or a commercial invoice.

[YAGAY andSUN]

If you are removing material as such then there is a requirement of reversal of equivalent CENVAT credti. Therefore, it should be removed on an Invoice under Rule 11 of the CERs, 2002.

AI Summary

Reversal of CENVAT credit required when selling raw material; removal must be invoiced under Rule 11. Sale of raw material purchased for input use requires reversal of corresponding CENVAT credit when removed 'as such,' and such removals must be invoiced under Rule 11 of the Central Excise Rules, 2002 rather than on a plain commercial invoice.