Dear Sir,
We are the manufacturer, can we take cenvat credit on capital goods like MS Channel, MS Angle, MS Bars etc.

good evening experts,
we are excisable unit. sir we have take registration of sale as a trader from sale tax deparement . then sir we are selling our raw material as a trader which we purchase from our vendor. then sir my query is that will we sell this raw material with excise add 12.36%.please help sir in this regard.

our one of client manufacturing garments from fabric & they have only export sales & there turnover in last year 2012-13 exceeds from Rs. 2 Crores, whether they required for Excise registration,they did'nt take any credit, plz give reply wit reference...
Thanks in advance....

The company where we are auditing treats purchase of machine components and tools as capital assets in their excise return, However in the accounting books it is treated as raw materials.Is the treatment correct???? Please Help

Dear All,

We are an excise exempted unit. We purchased Polyster from Reliance on which we did not take any credit of Excise. Now the same goods we want to return back to Reliance. What is the correct method for it??
Should we bill it to Reliance? If billed then what is the treatment of Excise??

Please guide with Supporting Notification/Rule (if any)

Dear experts,

I need to know what is difference canvat and excise and its utilation for credit. I heard some people taking canvat credit, I am confused about excise and canvat. Excise levied on goods input purchased for manufacturing purpose called canvat credit and when we sold the goods with the state , we can take credit of duty on purchases.

Is is because of goods purchases from with in the state or outside the state..

Please reply me with examples ..


Thanks

Karan verma

Dear Experts please help me on this

Please tell me the procedure to supplies made for setting up of solar power generation projects or facilities as per clause (viii) of sub rule (6) of Rule 6 of Cenvat Credit Rules 2004

Purchase of machinery tools and components treated as capital goods and CENVAT has been taken to extent of 50% for the current year under excise and the same has been treated as raw materials in accounting books.whether the above practice is correct?

Dear Sir,
I want to purchse indigenous machinery under EPCG Scheeme. Sir could you tell me the procedures to apply the EPCG licence and after that what are the necessary steps we follwed and which documents I have to be submitted.

I have two excisable manufacturing units under the same firm at Noida, UP. I wish to transfer raw material stock, for certain goods, from unit 1 to unit 2, as I have shifted manufacturing facility for these goods to unit 2. Can I transfer raw material for without any value addition between units which have the same ownership firm?
Regards Adhar