Dear All
We are purchasing a material from Vendor A, Vendor A directly supplies the material to Vendor B. Goods are not recieved physically at this stage.
Vendor B adds value to the product and supplies the finished product to our organization.
Material is excise and vendor will charge the excise in his invoice.
What are the excise entries when we purchase the material from vendor A, Can we take the excise credit for the material even though material was not received by us physically.
Regards
Vikas Sehra