An item is procured as a capital item as it falls under chapter 82. however in reality it is a consumable and gets consumed within one year. my query to my dear friends is - should we still utilise only 50% in the second year or is there any notification to entitle 100% credit in the year of purchase. thanks for the interest shown. rgds Ramesh
Dear Sir
We are giving for manufacturing some products from Ahmedabad we are paying central excise duty and 2% CST there - we are selling those products at Hyderabad - whether we can claim excise duty rebate for those products. The details are given below.
MRP - 300-00
Less Dis @ 35% - 122-50
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As sable value - 227-50
E.D @ 6.18% - 14-06
Whether the 14.06 can be claim refund - please explain.
if cenvat credit not available as we are not providing output service then can we claim refund for service tax paid under reverse charge
Whenever I file ER-1 online it always shows an error "The tariff notification number/serial number of the notification you have entered does not exist in the database!!"
I am using tariff notification no. 18/2012 Sl. no. 28 for Tariff Notification Availed under Duty payable for clearance of goods having CETSH no. 39211900.
There is also a notification 27/2012 saying that the Central Government hereby rescinds notification 18/2012.
First of all I am not able to understand what is the meaning of Notification no. 27/2012. Secondly, I am confused whether the Central Excise duty rate that I am using for my item is correct or not?
Please help me to rectify this error.
is wooden pallets is comes under excise ? if it is supplied in SEZ ??
Case that
in 2012-13 T/O of Rs.1.93 crores.
But manufacturer didn't apply for excise registration.
Now he is willing to take Excise number as his t/o up to Aug 2013 is 78 lacks.
So how much penalty levied by dept.?
We are Manufacturers & our stockiest is Registered with ED dept. Now' One of our Pharma Company asking for EPCG Billing. How Can we execute the order & what is the procedure. please give Me the details' Advance thanks to everybody.
SIR I AM A FINANCE MANAGER IN A MANUFACTORING COMPANY AND WE PAY APPROX. RS.8000 PER MONTH AS SERVICE TAX ON OUR INTERNAL AUDITOR'S FEES .
SIR MY QUESTION IS THAT CAN WE UTILISE THE CREDIT OF SEVICE TAX PAID ON AUDITOR'S FEES , TELEPHONE INCLUDING INTERNET BILLS FOR THE PAYMENT OF OUR EXCISE DUTY LIABILITY ON GOODS MANUFACTORED??
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Excise duty