Kindly Whether CENVAT credit on all tools & spares could be taken when such goods could not be used for more than a year.
A proprietorship X turnover is 40Lakhs, its into the business of computer embroidery, my doubts are:
1. Does the turnover of the proprietor makes it qualify as an SSI unit?
2. If it is an SSI unit does it have to register with Central Excise and get TPIN? or it just have to give declaration when it exceeds the prescribed limit of 90 Lakhs without registering with central excise.??
Can DTA exporter issue CT-1 to EOU unit for directly export from EOU premises to all the products ? If yes, Wheat is the procedure ?
DTA sale on third party export by EOU is allowed vide Policy Circular NO.19(2006) dt.11.09.06.
What is the exact procedure for EOU and DTA merchant Exporter ? Which permissions are required for this exports ?
Is any bond / agreement is required ?
I need some clarification on export of Gold Coins to Iran from India. What are the requirements that needs to be fulfilled.
Dear All,
We paid Service Tax for Freight on 05/07/2013.We want to utilize the challan amount for the month of Jun-13 Excise Payment. Is it possible. Please give me the suggession.
Sir
We are a manufacturing unit with full ED @12.36% applicable. We would like to do some trading of goods related to our industry. We want to sell under same brand and remove the goods from the factory . do we have to pay excise duty. there is no manufacturing activity excepting putting our label.
Another query is can we start a trading co in a different premises and sell from there BUT UNDER SAME BRAND with out ED .
Thanks
V K Vijayaraghavan
FCA
someone pls clarify about the registration of ssi unit, what forms and documents are required.
dearsir,
iam an accountant of a manufacturing company .we manufacture bags for cement companies. recently we got a notification from the central excise officer to file the ER returns. the following are the details of esxcise duty paid for three A.Y's:
2011-12:NIL
2012-13:885722 ( after availing input credit)
2013-14:3438288 ( after aviling input credit)
i heared that companies who paid excise duty below 1cr are not required to file ER returns...please suggest me what to do..
waiting for your valuable reply
Dear Friends,
Paying service tax only on 25% of the freight value.(Input)
This service tax is again adjusted while paying Excise Duty
example: Freight cost Rs 100 -- 25% - Rs 25 * 12.36% ST = Rs 3.09
While paying our ED we can deduct this Rs 3.09 and then pay the remaining ED amount.
I need clarification on following points related to SEZ
1. What documents are required for Subcontracting of materials outside the SEZ Premises.
2. If the materials do not return within 180 days, then will any tax / duty be applicable.
3. When some equipment will be sent outside the SEZ for repair purpose, then what documents will be required.
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Cenvat credit on tools & spares