Cenvat credit on purchase of forklip

Dear Experts,

Shall we eligible to avail cenvat credit on purchase of Forklift for our production use, i.e. handling of material.

Thanks !

Manufacture

Sir, A manufacturer Mr.A has to install a Weather forecasting machine at clients premises. The machine is made of three components. Component A & B is imported. Component C is manufactured. He takes all 3 components to the clients premises & installs them. Installation is done on site by affixing it to ground by cement. Now is this activity of assembling & installing the machine on site excisable as whole ? Or only manufacture of Component C is excisable.

Modvat on excise

pls provide the detail of rule or section of excise in which consignee can take modvat benefit of excise in E1 sale and one more thing if dealer has some profit margin and raise commercial invoice on amount more than manufacturer's invoice then should he charge cst on excess amount ??

Import of south african coal

dear sir,

importing of South africa coal then we selling to other parties (with in india )
kindly how much appear of excise duty and how to caluclation.

Service tax notifications applicability

dear Sir/madam,
I would to know wether service tax negative list notification is applicable for cenvat credit or for that matter any notification of service tax is applicable for cenvat credit or not.
Thank you.

Penalty under rule 27 of c.e. rules, 2002

DEAR SENIORS,

THERE IS A DOUBT TO ME REGARDING GENERAL PENALTY UNDER RULE 27 OF C.E. RULES, 2002, WHICH PROVIDES MAXIMUM PENALTY OF Rs. 5,000/-.

ONE OF MY CLIENTS COULD FILE DELAYED THEIR RETURNS i.e. ONE ER-4, ONE ER-5, ONE ER-7 AND FIVE ER-6 (TOTAL EIGHT RETURNS WERE DELAYED). CONSEQUENTLY, A SHOW CAUSE NOTICE ISSUED BY THE SUPERINTENDENT HAS BEEN SERVED TO THEM IMPOSING PENALTY UNDER RULE 27 OF C.E. RULES, 2002.

MY QUESTION IS WHETHER PENALTY MUST BE IMPOSED Rs. 5,000/= ONLY FOR SINGLE S.C.N. OR CAN BE IMPOSED RS. 40,000/= FOR TOTAL EIGHT DELAYED RETURNS; @ 5,000/= FOR EACH DELAYED RETURN.

KINDLY GIVE YOUR EXPERT OPINION WITH RULINGS OR CIRCULAR, AS SOON AS POSSIBLE.

THANKS A LOT IN ADVANCE.

Input availability

Whether Input is available on Provisional Invoice Received from A First Stage dealer.???

Mandatory of cost accountant certification for captive use

Under excise valuation, when dutiable products which are normally meant for captive consumption, cost plus 10% is determined for arriving the duty portion.

As per CAS-4 and as per normal practice, certificate from the practising cost accountant is obtained and produced to the excise department when there is captive consumption.

Is it mandatory that the certificate needs to be obtained from the practising cost accountant or it is only optional for the assessee. what is the excise rule and the relevant section towards this.

Excise tax planning: whether allowed?

Hello,


An Indian firm has registered one brand in India. This firm wishes to import some product from China in packed form where by mrp will be declared on it and also name of manufacturer and importer name will be mentioned.


The issue is that brand under which we wish to import is not registered in China, so is it possible to import it. Further will excise be applicable in India?

Excise credit

Dear Sir

I am doing audit of a shipyard situated in goa. This shipyard is also having a machining shop in which it manufactures propellors of ships. This ship yard is having a lot of input Excise credit on the materials purchased for ship building. The government has exempted the ship building industry from excise duty.

Is it possible to take such credit of excise for paying excise on manufacture of propellors?

Is it possible to take such credit of excise for paying Service tax (Payable for barge freight earnings)?

Regards

Prajot

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