As a manufacturer I purchased some material from importer & he passed the CVD & SAD proportionately .My query is that can i take cenvat credit of CVD as well as SAD ?
DEAR SIR,
excise slab for number taken and filing return for quarterly and monthly slab when effective
It is a condition to avail SSI exemption that turnover of previous year should not exceeds 400 lacs, then can newly eshtablish unit avail benefit of SSI scheme?
WE ARE SENDING GOODS IN TURKEY BUT PARTY NOT ACCEPTED MATERIAL SAME GOODS ARE SALES TO SECOND PARTY IN SPAIN. INV. AMT. CHANGE & PARTY NAME CHANGE IN INVOICE.PLS WHAT IS PROCESS OF EXCISE DEPARTMENT.
Dear All
Currently we are availing cenvat credit. Now the company has decided to stop availing cenvat & avail exemption of 1.50 crore from next year. Our current turnover is greater than 4 crores. What is the procedure for the same? Can any body guide me?
Dear All,
One of my client has paid interest for his delayed payment of duty payable which fell in short for payment. The no. of days calculated by them from the due date to till the payment date @ 18% P A. Actually the total liability of duty is Rs. 834659 they used CENVAT Rs. 636549 balance of Rs. 198110 is cash payment and delayed payment also. Now they calculated interest on Rs. 198110 under Section of 11AA of central excise act. But the department is pressurizing to calculate the interest on the total amount of Rs. 834659. Now I want to confirm is it correct or not? What was the procedure laid down in the law?
Please guide me.
Thanks in advance.
Regards,
Murthy
we have central excise registration in delhi but now we want to raise a invoice from our godwon which is located in ghaziabad
please suggest us what to do should we need to register in ghaziabad also under excise or our central excise registration in delhi is enough to raise that above said invoice
1)If two partners have formed three Partnership firm in different name and PAN. in such case for computing SSI limit of 1.5 cr. all the three firms turnover will be clubbed or considered separately.
They are also having three different factory premises in different states.
2)Can the Excise registration be surrendered in case where Turnover had fallen below 1.5 Cr. in current year or is there any time period condition related to that?
For eg.
In year 2010-11 T/O 1.8 Cr
In year 2011-12 T/O 1.7 Cr
In year 2012-13 T/O 1.6 Cr
In year 2013-14 T/O 1.2 Cr
Dear Sir,
We are a trader of Imported Goods.
And Excise duty paid by us at the time of custom clearance.
The same material Export to Nepal.
Now I want to Know that can we claim for Modvat of Excise. And we are not a Registered under Excise.
kindly advice to me for claim the MODVAT
Dear experts,
we have 2 excise registration, one as dealer and other for manufacturing. We are engaged in both activities. we files the separate return as per excise reg no.we have the SAP system installed wherein we have kept the separate plants for trading and manufacturing. need less to say we donot take the input credit of input for purchases in trading plant and do not charges the duty on sales.
all the excise related ledger accounts e.g. input credit a/c, excise duty payable a/c, maintained relates to manufacturing activities.
Whether we need to reverse the cenvat credit for trading activity carried on ?
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Cenvat crdit of cvd/sad