Dear Sir,

Our Partnership Firm's principle business is Sales & Services of Air conditioner in India and now decided to Export to Sri lanka for the first time but we have one confusion about excise exemption please tell us how will we get excise exemption?

the time limit for availment of cenvat credit is fix for 6 months which is effective from 01.09.2014 , but if we want to avail cenvat or service tax credit of previous period i.e before 01.09.2014 may be one year before then can we avail such cenvat or service tax credit in or after september 2014,please explain,

i heard that excise duties will be Caluclated on assessable value ?

how they will decide assessable value is this much for particular item...?

on which basis they will decide assessable value.

DEAR EXPERTS,

AMENDMENT IN EXCISE FOR PET BOTTLES IS AS FOLLOWS:

Excise duty at the rate of 2% (without CENVAT) or 6% (with CENVAT) is being imposed on Polyester Staple Fiber and Polyester Filament Yarn manufactured from plastic waste or scrap or plastic waste including waste polyethylene terephthalate (PET) bottles w.e.f. 1 1th July, 2014.

NOW THE QUERY IS WHETHER SUCH 2% OF DUTY IS TO BE PAID BY MANUFACTURERS NOT FALLING WITHIN THE LIMIT OF 1.5 CRORES(SSI UNITS) ALSO, I.E. WHO ARE NOT REGISTERED UNDER CENTRAL EXCISE BECAUSE THEIR TURNOVER IS LESS THAN 1.5 CRORES OR BY THOSE UNITS ONLY WHO ARE REGISTERED UNDER CENTRAL EXCISE.

We are SSI unit. In FY 2013-14, our clearance was below 150 lakhs. Due to labour scarcity, dull market conditions, and health problems of Partner, even the current year clearance is expected to be around 100-120 lakhs. Therefore, as we were not supposed to keep the Central Excise registration, we surrendered the same online on 31st March'2014 through the ACES.
However, even after passage of three and half months, the Assistant Commissioner has not communicated acceptance of our surrender request. Nor our status is updated in ACES - it is still showing as ACTIVE. It may be noted that we have filed all returns, and no dues are pending. The Range officer told us that they have submitted verification report of no dues to the division office. Why is our surrender request not being accepted then? What is our status as on today : Are we still a registerd assessee? Do we require to file ER-3 for June ending quarter? In 2014-15, we are issuing computerised invoices in our own format and not on format prescribed under CE rules. The range inspector verbally told us that having complied with all formalities, we are now not bound to act like a registered assessee, and free to issue our own invoices. Would the experts please help us and clarify the matter. Thanks.

cenvat & excise vat means both same ?

i have one doubt please calrify...

i purchased one excise stock from manufacture 10 units @150rs and duties he charged 180 total.

now iam selling same stock with @180rs per unit.
now i need to pass same duties...? means i need to pass only 180rs as execise duties.. please help me.

my client has been registered as a manufacture on 10/10/2012. he bought capital goods on 20/12/2012. he applied for exemption notification 8/2003 on 01/04/2014.and started production only in 16/6/2014.

can he take the cenvat credit on that capital good purchased in december 2012 in the year 2014-15??
Kindly reply urgently

sir i have a doubt, as one of our friend's company had a production unit, and this unit had wrongly taken an input tax credit on central excise duty for the year 2009-10. and from the audit of excise department, they noticed that wrong credit and they charged Rs. 15000/- as interest, penalty and the wrong credit. as the order from the department the accountant had reversed the credit amount with interest and penalty from the credit available. but the department made a clarification that interest and penalty to be paid in the form of cash. and as the above said order we paid the interest and penalty in the form of cash. But we want to utilise the amount reversed for the interest and penalty wrongly utilised from the available credit.so how to shown that amount of wrong reversal for interest and penalty in ER-1 thank you..

Can I take Cenvat credit on Eicher truck (model no - 10.59XP E HSD 14Ft GB) We are manufacturer of Pet Bottles and will use the truck for material loading and delivery of pet bottles.

Dear Experts,

please tell me the ER-6 Information and what is the meaning of principle input related ER -6 Return submission