hi. this is Raghu . i have dout in excise duty how will i intake amount from (collected duty )sales and how adjusted with purchase( paid excise duty) kindly give me the answer

As per Cenvat Credit rules,when inputs are cleared as such Credit availed is required to be reversed. But what is the duty payable or credit to be reversed when the inputs are cleared at a higher value?

My company registered in excise and Purchase capital goods from other excisable registered company, Can I take Input credit of Excise & vat

Example:-

Purchae: (Fixture)---

Assessable Value: 34573

Excise @ 12% 4149
Edu. Cess 2% 83
S.H E 1% 41
Total Taxable Value 38846
Vat 13.13% 5099

what journal entries

Dear Expert,

I need your expert openion on following issues:

AS per Excise Definition Manufacturer is:
a) Who actually take place manufacturing activity

b) Who work on hire basis.(Under Control & supervision of main manufacturer)

If one trader buying goods & further get it processed from other on labour charge basis. under this case trader has no control or supervision then who is manufacturer TRADER OR THE PERSON WHO OS DOING LABOUR.

Pls reply asap

GOOD AFTERNOON AL EXPERTS,
I WANT TO ASK PURCHASE RETURN IN CASE OF EXCISABLE UNIT.WE ARE EXCISABLE UNIT. WE PURCHASE SOME MATERIAL FROM GAMUT ELECTRONICS.IHIS IS ALSO EXCISABLE UNIT.BUT DUE TO IQC ISSUE. WE WANT TO RETURN THIS MATERIAL TO PARTY.BUT VANDOR SAYS THAT PLEASE DO NOT RETURN GOODS AS DEBIT NOTE. PLEASE RETURN GOODS IN SALES VOUCHER. MY QUERY IS THAT WHAT IS DIFFERENCE BETWEEN DEBIT NOTE AND SALES VOUCHER IN CASE OF EXCISABLE UNIT.

Dear All,

WE ARE EXPORTER OUR FACTORY LOCATED IN BARAMATI & HEAD OFFICE LOCATED IN HYDERABAD.

WE MENTIONED OUR EXPORT INVOICE EXPORTER ADDRESS OF HYD OFFICE & FACTORY ADDRESS OF BARAMATI

I WENT TO OUR EXCISE RANGE PUNE OFFICE FOR SUBMISSION OUR REBATE CLAIM DOCUMENT BUT THE OFFICER SAID YOU HAVE TO SUBMIT YOUR REBATE CLAIM IN HYDERABAD.

WHAT SHOULD WE DO PLEASE ADVICE.

Dear Member,

If a trader transfer his goods from one registered premises to other registered premises, can cenvat credit be claimed on the basis of invoice issued by his second premises if his first premises is SSD in respect of those goods.

For Example, A Pvt Ltd has two premises (P1 and P2). Both the premises are registered as dealer under Central Excise. Suppose A Pvt Ltd purchases the material from B (First Stage Dealer) and receives such material at P1. Later on, A Pvt Ltd transfer such goods to P2. From P2 such goods are sold to C(manufacturer). My question is can C claim cenvat on the basis of invoice issued from P2?? Is P2 a SSD or it is out of excise chain in this case??

Installation certificate for having installed the capital goods imported under EPCG license is to be issued by the jurisdictional Assistant Commissioner / Deputy Commissioner of Central Excise or by the jurisdictional Superintendent of Central Excise?

Dear Team Member,
Pls advise in this regard,
We are spare parts dealer valuing under 4A raising invoice less MRP abtmnt method in general all are imported but as per operation we purchased sum parts locally on VAt charged,now we want to sell those parts under 4A valun .My query is how can i price those parts as these r procurred lovally nd some are VAT chargd and sum r vAT,how can i declare MRP to them For MRP i shuld consider Mtrl cost+transpoartion+excise duty+vat/cst for declartion or else only Mtrl cost+tranptn cost+other cost
as these parts r under gone deemed manf actvty and need to charge ED at the time of removal

Respected Sir,
we are a exporter of foods items , we export the goods under duty draw back schemes , we have a some exempted finished goods and one is dutiable finished goods , so can we take the credit of input duty and service tax for all the items or can take the credit only for the duty and service tax related with the dutiable goods , if yes can we file refund claim on the duty and service tax credited

sandeep sawant