If a manufacturer purchases and sells the final products due to what ever reason(short production, high demand etc.,,). what will the indirect tax implications and the cenvat credit implications...

FREE ISSUE MATERIAL USAGE CERTIFICATE.

Dear Experts,
Thanks for your support on various issues. Now the query is.

1. We got the order from our customer M/s. A to supply the material to mega power project 6 x 660 MW and they have provide us PAC (Project authority certificate) for supply of some assembly with nil rate of duty.

2. In the said assembly it required huge bearing to rotate the products.

3. For the above assembly required bearing are imported by our customer M/s. A on advance authorization license scheme with nil rate of duty for above project.

4. They have issued the same bearing for use in above assembly as free issue material.

5. We have used that bearing in assembly and sent the item directly to mega power project. And mentioned the free issue material value in our invoices for calculation of assessable value.

Now our customer is asking “Free issue material usage certificate” from our range superintendent that the bearings is used in the above assembly to close the advance authorization license. But our range superintendent is telling that the certificate is not required the product is going to mega power unit and they will provide you this certificate.

But our customer is telling that, the bearings was used in assembly at your premises hence you have to provide the certificate from your range superintend.

So kindly help us , the certificate is required from our excise department to close the advance license of our customer M/s. A, if yes give notification of customs/excise , so that I can show to excise department. If No, kindly give us any reference enable us to show to our customer M/s. A.

Reply is most urgent and thanks in advance.

sir, i am Registered with central excise recently
i want to know about what are my obligations under central excise like filing of returns etc.

I have a client having a turnover of approx 35 crores in previous year 2013-14. It send gold (pure form), diamonds, stones to labourers who in turn sends the finished goods back to the assessee, who sells them in retail market. Payments made to the labourers after deducting tds. Is the assessee liable to Excise Duty

PS: the finished goods have an embossing of the brand name apart from hallmarking.

We are dealing in trading activity.

We want to register under Excise.

We want to do the sales for the clients located in SEZ Units / CT-1 Bond / CT-3 Bond.(Means benifit of duty to pass on)

After Excise registration can we able to do so as per law.

Is there way - like storing (non duty paid) goods in Bonded warehouse for a certain period of time & afterwards supply to such clients (goods without charging excise duty) directly, without involving Manufacturer.

i wanted to enquire if we can book the Cenvat credit on the basis of invoice of a freight forwarding agency who has paid custom and excise duties on our behalf and sent us the reimbursement bill for duties paid on our behalf and freight charges of machinery carried till factory ..... experts plz help ??

Dear Sir,
Excise duty Rs.375250 delay for payment for the month of DEC 2014.out of 375250 Excise duty paid 10.02.2015 Rs.125000. please send me interest amount of excise duty with calculation formula.

There is a website that states that
1. Non-SSI manufacturing units are exempted from Excise registration if their domestic turnover is less than 50Lacks.
2. SSI manufacturing units are exempted from Excise registration if their domestic turnover is less than 100Lacks.
Export turnover will not be counted for Excise limit of 150 lacks.

I am able to find govt. websites that clearly talk about SSI (Non Cenvat) scheme where an SSI unit has option to 'not' register for Excise till his domestic (home) turnover is less then 100Lacks, irrespective of export turnover. Some websites also quote Notification number 8/99 and 9/99 for this.

But I am not able to find any govt. website that gives details (notification number) about excise exemption for Non-SSI for domestic turnover of less then 50Lacks.

Can someone please give their valuable advise on this matter (with circular / notification details if possible).

Sincerely thanking you in advance!

Please advice what is the tax term if we send material on notification no 12/2012 Sr no 336

Dear Experts

Please guide me on following issue.

A company is sending Raw Material directly to a person (hereinafter referred as MR. B) who manufacture a goods on behalf of company along with invoice copy in which person is named as consignee.

That manufactured good is now sent to go-down of company for sale in to the market.

Now company is paying excise duty on raw material purchased.

Mr B after manufacturing the goods pays Excise duty on finished goods on behalf of company and claim cenvat credit.

Mr B thereafter reimbursed by the company with excise amount.

Kindly provide me understanding on the scenario and any risk that exist in this type of transaction settlement.