Dear Experts,
Kindly explain the LUT renewal procedure under Central excise and format of the letter please.
I am working with a mfg co. we imported capital goods from out of india in oct. 2012 but bill of entry is issue on 23.08.2011 and 12.01.2012. on bill of entry the following duties are chargeable
Basic Custom duty
CVD 12 % equivalent to excise duty
Special CVD 4%
education cess @ S. & H Edu. Cess both on BCD & CVD.
We take the the cenvat credit of CVD 12% Special CVD 4% Edu. Cess 2% and S.& H. Edu Cess 1% on CVD.
My question is that can we take the credit of Edu. Cess 2% and S.& H. Edu. Cess 1% charged on CVD 12 %
Pls. reply as early as possible with some notification or any other guideance.
Thanks & Regards
B.K.Singh
Dear Sir,
i have taken Central Excise registration on 27-01-2014.
My question is
1. shall i continue the S L no from 287 i.e from existing bill book or new S L No starting from 1 ?
2. I am claiming SSI exemption, can i take the cenvat credit on earlier purchases i.e before date of Excise Registration
Thanks in Advance
In form A-1 we have to give details of premises lease / Rented & Owen and investment in plant & factory . In my case we have group company I have to take new registration of newly incorporate company.But Yet we not decided any rent wil charged or may be we will not charged.In this case what shall i mentioned in form A-1
pls help
sir,
If a product is covered under section 4a of excise( MRP based valuation) and the company is not declaring MRP on the product and charging excise duty on the basis of transaction value, so is it correct.
Advice is reqiured
An enterprise purchases packing material on which excise duy is charged. Is enterprise eligible to avail cenvat credit if the packing material purchased is at a plant at which no manufacturing takes place?
Thanks
Respected Sir,
As regarding above subject,One of my clients has crossed 1.5 crore limit as he is taking benefit of 08/2003.Now as he has to file return quarterly,if he has to pay PLA then he has pay monthly or quarterly.Please reply.If quarterly then how to pay.Please reply
a product manufacturer does not include excise duty in product price and sell it. is buyer is liable to pay excise duty? if yes please explain situational scenarios on this excise duty???
my company is cover under 50/2003 C.E.notification .There is another unit which is not coverd in such notification i.e.excisable unit (unit-II) .Both unit have same VAT/CST No.I want to Tr.Raw matarial as such from Unit-II to Unit-1 which documents is required for Such Tr.either invoice or challan is sufficient for such As such Tr.?
Currently we are claiming drawback (U/s 75 of custom)of Basic custom + custom EC + custom SHEC and avail CENVAT of CVD + SAD.Also at the time of removal of Finished goods for export we are paying Excise duty through CENVAT balance and against such excise duty , we are claiming REBATE under Rule 18 of CER 2002.
But now we want to claim drawback of CVD & SAD also, as we don't want to avail CENVAT of it.And we also want to claim a REBATE of excise duty ,as we are claiming earlier.
So can we do so???Please Guide us.
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Lut renewal