who is applicable for Excise registration & what is the Excise payment due date and which basis Excise payment made.
abc @ co. took cenvat credit amounting to rs 2 lakh on inputs wrongly included in their RG 23A register in te month of february 2012. during audit, the internal audit party pointed out the mistake in august, 2012. abc & co immediately reversed the amount from balance 15 lakh in their cenvat credit account lying since february 2012.
whether the company is liable to pay interest on the amount of cenvat credit wrongly taken??? and if liable then at what percentage ???
dear sir/madam
ex:-excise duty applicable or not for stock transfer from Karnataka to andrapradesh,
and can we avail cenvat credit in the same company ( in karnataka manufacturing company and sea port in andrapradesh for own use ) ?
Sir we are engaged in trading of rice and exporting the same .for this we purchases packing bags including excise duty .
1.whether we are eligible for cenvat credit of duty paid on bags ?
2.whether we are entitled to refund for the same if not able to setoff against duty liability
3.whether packing bags covered under amended definition of input as per CCR rules 2004.
4.whether rice are our final product as defined undere ccr rules 2004.
After considering the above 4 points please suggest me the appropriate treatment for the same and if appropriate suggest any case laws for the same as well.
Hoping for an earlier response
sir , we are exporting wheat and for packing we purchase jute bags on which the seller charges excise duty.
can we claim credit of this excise duty paid as we will export them.??
and how we can claim.??
WHAT IS THE RATE OF CENTRAL EXCISE DUTY CURRENTLY ON THE GOODS FALLING UNDER CHAPTER SUB HEADING 8607. WHETHER IT IS 12.36% (INCLUDING CESS) AS PER THE BUDGET NOTIFICATION. IN THE TARIFF BOOK IT IS GIVEN AS 6% BASIC. PLEASE TELL WHETHER ANY NOTIFICATION HAS BEEN ISSUED TO REDUCE THE DUTY.
Please can anyone tell me excise duty is recorded in the books considering cess or not.
e.g Purchase worth 602910
Excise Duty @ 12% 72349.2
E.Cess @2% 1446
SAH E.Cess @ 1% 723.49
Now journal will be :
Purchase Dr. 602910
CCR Dr (Plz confirm this amt will be including cess or not)
To Party
Can any one tell me
which permission shuld be taken from Cental Excise Commissioner if any assesse removed their scrap from his fatory to weighbridge for weight without any document?
after weighment as per weight Rule 11 under duty invoice will issue but befor what ????
Company having Solvent Extraction Plant & Refinery is manufacturing some exciseable products.
Company manufacture Acid Oil Sludge which is exciseable. Some Qty of this Acid Oil Sludge is sold and some is self consumed in production of Acid Oil.
Final Product Acid Oil is excisable but in process of Acid Oil Production some qty of acid oil sludge lost.
Ex.:
Acid Oil Sludge consumed : 10 MT
Acid Oil manufactured : 2 MT
What procedure is to be followed by company for self consumption.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Excise for applicable