Dear sir,
we have Manufuturing unit, we have purchased some CPVC Fittings (boughtout) with Tax invoice
we sold above materials to customers(same fittings)
we ( our company) eligible to deal this Trading activity ? (can we take any permission or registration from Excise Dept), please clarify
Thanking you
Manufacturers Need Excise Registration to Pass CENVAT Credit on Bought-Out Parts; Inform Authorities for Trading Activities A manufacturing company inquired about the eligibility and requirements for engaging in trading activities involving CPVC fittings, specifically regarding permissions or registration with the Excise Department. Respondents clarified that while trading from manufacturing premises is permissible without specific permission, it is crucial to inform authorities if intending to pass on CENVAT credit. Additionally, a company cannot pass on CENVAT credit for bought-out parts (BOPs) without being registered as a dealer. When BOPs are used as components in manufacturing, they contribute to the total turnover, requiring proper registration and compliance with excise regulations. (AI Summary)
TaxTMI 
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