During the audit I have come across the following issue. Assesse has purchased Machine in FY 11-12 on which duty is paid RS. 83500. Assesee availed and utilized credit.In 12-13 he sold machine for rs. 400000/-. Duty collected from buyer 48000(12% of 4 lac Transaction value).As per calculation he has reduced 10 %(2.5% for 4 Quarter)from Rs.83500.Hence Cenvat credit needs to be reversed Rs. 75150.However he has reversed 27150 from cenvatcredit and balance 48000 paid through PLA. My query is whether whole 75150 are required to be reversed? whole 75150 should be pass on to buyer?

When a manufacturer uses the brand name of others and pays duty then it is excludible from the calculation of limit of 400 lakhs. It means it is beneficial for manufacturer seeking SSI exemption. On the other hand, if he uses brand name of other in rural areas then it is includible in the calculation of 400 lakhs. It means, it is not beneficial for the manufacturer seeking SSI exemption. How is it justifiable. Kindly make my concept clear regarding BRAND NAME in respect of SSI.

We are the manufacturer of Lead Alloy & Pure Lead & imported goods from U.A.E & paid custom duty & taken credit of CVD & SAD. But 3 days later, we found 320 Kgs. goods short after weightment.

My query is - When we raise debit note of shortage, should we reverse CVD & SAD proportionately.

If we assume all the conditions, when we purchase goods within India.

Experts are requested to please solve this query.

Thanks.

Dear Friends,

we are a manufacture of PP Pilfer Cap & aluminium printed sheet bearing tarrif No. 83099010 & 76071995. we export this item under lut & Rebate also domestic sales we know that the NT Notification availed & Serial No of above mentioned Item.

please reply me its a urgent because excise return date is coming so please help me

Thanks
Raman

A Partnership firm is converted into a Pvt Ltd Company. Central Excise Registration of erstwhile firm was surrendered and new registration is taken.
Now, should we consider the clearances made in erstwhile firm for claiming the benefit of SSI notification or we get fresh limit of 150 Lakhs

I have a excise unit in which we received a manufacture excise invoice for Cenvat purpose at the time of goods delivery, and also received a Commercial Invoice from Dealear in which VAT is affected. So I need a both documents entry in Tally, out of which Manufacture bill entry needs to be shown in Excise Reports only, and the excise duty effect in Duties and Taxes and Commercial bill entry (recd from Dealer) in purchase Accounts.

Please give suggestion to entered the both invoices in Tally9

Suppose i am second stage dealer i paid excise duty on my purchase and i sale the same to whole seller and retailer also how i impose the excise cenvat on it whether it is applicable or not if yes then how and if no then how i get refund the excise which i paid two first stage dealer.

DEAR SIR

WE ARE PVT LTD CO. REGISTERD IN EXCISE. 200 PCS REJECTED ON MACHINES BY OPERATORS. WHAT WILL BE TREATMENT IN STOCK, & HOW WE WILL CLEAR THESE PCS.

THANKS & REGARDS

difference btw cif value and fob value?

We are getting our Herbal / Ayurvedic product manufactured on third party contract mfg and then sell it directly to the exporter.

Kindly let us know how to avoid excise on the goods to be dispatched coz 3 parties r involved.

We (product owner), the manufacturer who is manufacturing our product and our buyer the exporter.

What procedure we should follow.
Your valuable advice will be highly appreciated.

Luv Khanna
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