Dear All,

We are a paper manufacturing unit and having expansion unit also. We purchased Castrol Molub oil(HSN No. - 27101980) for our expansion unit. Can we avail cenvat credit if use above item in expansion unit.. or running unit.

Thanks in Advance.
Regards
M.RamKumar

The unit is an SSI and it has not crossed limit of Rs. 150 Lakhs. Hence, as per N/N - 8/2003 - 1. Capital Goods - 100% Cenvat credit available in 1st year. 2. Inputs - No Cenvat credit upto Rs.150 Lakhs. My question is what about Cenvat credit of Input Services of Services received before crossing Rs. 150 Lakhs limit. Do read N/N 8/2003 SSI and do provide me any legal support.

SUPPOSE A MACHINERY RS.455000 AND ON ITS EXCISE AND ADD.EXCISE TOTAL IS RS.109003 AND THIS MACHINE IS IN WARRANTY SO CO.CAME AND REPLACE PARTS OF MACHINERY BUT THEY ISSUED A CREDIT NOTE OF RS.455000 TO ME NOW QUESTION ARISE THAT HOW CAN I AVAIL THE EXCISE CREDIT UNDER EXCISE RULE BCOZ ACC.TO ACCOUNTING I HAVE NO MACHINERY IN MY BOOKS AS PER ABOVE CASE

PLEASE GIVE ME THE ANSWER FOR ABOVE QUERY WITH FULL ACCOUNTING TREATMNET AND WITH RULES OF EXCISE

ITS VERY URGENT

Dear Sir,

Please provide the Excise invoice format for Manufacturing Company.

Regards

R/Sir,

We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.

We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.

IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.

Please reply.

Thanks in Advacnce.

sirs,

our industry comes under rule 1/2011 and we charge excise duty @2% on our finished products. some times, our despatch people wrongly despatch the material extra instead of 2 nos 3 nos.But, Invoice raise only for 2nos, but actual qty despatched 3 nos, the same thing will come to know only after receipt of the material by our customer and they will ask us to raise debit note for excess qty of 1 no. we raise supplementary invoice for excess qty. But, our customer is not accepting and saying only debit note required.

doubt: shall we raise debit note for excess qty despatched?

kindly clarify the same.

Thanks and regards

KISHORE.MVRK

Sir
My client is a leather goods manufacturer (SSI Unit + Vat registration) and exporter doing local sale also as follows:- in the Fy 2013-14.

1) Export Turnover Rs.2 (two) Crore +
2) Domestic Sales Rs. 80 Lacs+
Total Turnover Rs.2.8 Crore.

SHOULD WE TAKE CENTRAL EXCISE REGISTRATION IMMEDIATELY NOW?

what is the difference between production and manufacturing?

IF A COMPANY HAVING A MANUFACTURING LICENCE THEY CAN MANUFACTURING AND SOLD THE ITEMS WITH LEAVY OF EXCISE DUTY
THE SAME COMPANY CAN DO TRADING THE RAW MATERIALS WITHOUT HAVING A EXCISE TRADING (DEALER) LICENCE OR NOT
pls reply asap

My query is if any manufacturing unit voluntarily adopts for excise registration than whether it can issue exempted invoices up to 90.00 lacs and the purchaser can avail its cenvat credit though we have issued exempted invoices.

Pls note that unit is existing and going for Excise Registration voluntarily.
In case of any clarification pls ask me