WE ARE MANUFACTURER AND EXPORTERS SSI UNIT AND REGISTERED WITH EXCISE. WE EXPORT DIRECTLY UNDER LUT AND CT-1 EXPORT THROUGH MERCHANT EXPORTER. MY QUERY IS IF I EXPORT CT-1 MERCHANT EXPORTER, WHO'S RUNNING NUMBER WILL BE GIVEN ON ARE1. SHALL WE GIVE OUR OWN RUNNING NUMBER. OR MERCHANT EXPORTER NUMBER (NUMBER MEANS IN F.Y ARE 1 NO. 001/14-15, 002/14-15 ETC) KINDLY CLARIFTY MY QUERTY.
Dear all
We are manufacturer. We procure capital goods through import. In bill of entry there is Custom duty @5%, CVD @ 12%, Custom cess @2%, Custom SHE Cess@1% and Addl. Duty @4%. From this duties We avail Cenvat on CVD @12% and Addl. Duty @4% my query is: Can we avail Cenvat credit on CVD portion in Custom Cess (2%) and SHE Cess (1%). Please express your views. (kindly clear about payment of Custom duty @5%)
rgds
Dear All,
Net price of a product is say Rs. 6130 which is inclusive of 10.3% of Excise on Base price and again 2% CST on Base+Excise. What would be the formula to determine the base price,excise and CST.
Could anybody be generous to inform.
Thanks & regards
Hello Sir,
please let me know whether frames when fitted with lenses as per customer requirement(both frames and lenses are traded item)will fall under excise in eye ware industry
we are manufacture of DG Set. we got an order from customer for the same which is going to export.
but they provide me CT-1 from another party who will the actual Exporter. that means i get the CT_1 from my Consignee. is that acceptable. please provide central excise notification for the same.
Dear Sir,
Please tell me about updated rules and regulations of Excise and Customs on following.
We have manufacturing proprietary concern of Bearing which is registered with Central Excise and we want to import some electronic items from china on payment of import duty.
Kindly tell us what kind of compliances and regulation we have to complete for import of electronic items from china.
Our company is Importing material from Sweden (our parent company) . After having assembly with some locally purchased material. we export some finished goods to Sweden our parent company.
We are taking cenvat of CVD & Add. CVD of import duty.
Whether our company is eligible for duty drawback?? & if yes what is the procedure for the same??
Thanks & Regards
Rahul
I would like to know whether excise duty is applicable if used oil are sold as scrap. Referring chapter 27 doesnt provides a clear view on whether to charge or not. But it is stated in the case between "Commissioner Of Central Excise vs Ashok Leyland Ltd. on 26 November, 2002" that excise duty need not be charged.
We are in the process of manufacturing automobile components.
Kindly clarify with any cases whether excise duty need to be charged or not.
Rule 3(5B):
"Where the value of any input or capital goods (before being put to use), on which Cenvat credit has been taken, is written off fully or where any provision to write off fully has been made in the books of account, the manufacturer shall pay an amount equivalent to the Cenvat credit taken in respect of the said input or capital goods. Recredit is possible where the goods are subsequently used in manufacture of final products."
My query: Ex. inputs purchased for 1lakh and duty paid is Rs. 10,000 and CENVAT credit is availed for Rs. 10,000 subsequently 70,000 of inputs is written off was written off. Now duty payable would be Rs 7000 or Rs. 10,000 i.e CENVAT availed. The wordings say that "in respect of the said goods". Now does the said goods does it mean the written off goods then payable would be Rs. 7000 else if said goods means the entire input then Rs. 10,000 would be payable. Am i right?
We are electrical panel manufacturers. We bought switchgear items from Schneider for panel of our client,we get duty credited on this. but when we try to claimed it from client, they present us their exemption letter under SHIS license.
Till today we have that duty credited with us.
my question is can we somehow avail this duty or can get refund of it.
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