Dear Sir,

I was purchase 1 machinery of Rs.3,00,000 on 2 years ago that time was duty 8.24% so i am credit duty as per actual 8.24%, now i want sale this machinery, now excise duty is 12.36% so suggest me for making invoice which rate calculate 8.24% or 12.36% & also guide me after depreciation this machinery value approx 2,40,000/- but market price is only 1,50,000/- & i will sell it this amt. so how i can entry it in balance sheet.

Thanking you,

Shakur

Dear Experts,

One of my client has filed Excise Returns after the due dates for which he has received a show cause notice for penlty under rule 27 of Central Excise Rules 2002. Please suggest me how to defend the case in favour of assessee. Whatever the returns filed by the assessee during the period he does not have any production. But he has purchased goods and claimed input on such goods.

I am doing manufacturing business of engineering product (Spare parts) can any one explain following.

a. RM purchase are sale as such.

b. RM used for manufacturing intermediate product. such intermediate product has market and it also sale in market.

c. Intermediate product is also use as captive consumption for manufacturing FG. Such FG is easily sale in market.

All three RM/ Intermediate & FG is excisable product.

Following soluation require.

1. Which register should be maintain for recording all three transaction.

2. How to maintain all three register. ( plz if possible explain in excel format)

3. Any benefit provided for captive consumption in excise for maintenance of register.

4. Plz provide captive consumption register in excel with example.

what is diff between ER 1 AND ER2?

Hi ,

My client is a dealer of stationeries , Now they are buying papers from others and giving it to third person for designing , He designs and send it back as planners. Will this amount to Manufacture for my client ?

Designing from third parties will it be jib work ?

Pls clarify ,

Hi friends
I have question related to excise
I'm manufacturer , i purchase some material in local and paid excise duty and sale in export (SEZ) should i get excise benefit of that purchase ? Because there is no excise in export ? so please help for that .

Thanking you

we have an issue regarding closure of a pvt ltd company which is registered under central excise as manufacturer.
The company has been dormant since past 6 months having declared stock worth 1 crore,
due to the financial crunch we have decided to vacate the rented factory premises, and shift the existing stock to certain storage area.

1.is it necessary to apply for excise registration for the new premises as it comes under different jurisdiction.

2. we are in the urge of closing the company but due to declared stock should we continue with the excise until the stock is dissolved.

Manufacturing unit transfers goods to its branch at the rate of Rs 40000 per MT after paying duty but branch actually sold the goods at the rate of Rs 45000 per MT. Whether there is any liability to pay additional duty on Rs 5000

We have a manufacturing unit. This unit transfers goods to branch by way of stock transfer after paying excise duty.When goods are transferred at that time sale price of goods at branch is Rs 40000 per MT. Manufacturing unit paid duty @12.36% on Rs 40000 but branch actually sold these goods at the rate of Rs 45000 per MT. Is there any liability to pay differential duty.

If a registered dealer "B" purchase copper a importer who on sale value of Rs. 200 per kg charge duty @ 12.36% i.e Rs. 25 per kg so invoice to B will be 225 per kg then "B" sold this copper to another dealer "C" at a rate of 220 per kg then pls tell how much excise duty will B charge on his invoice to C. whether on 220 rate or whether Rs. 25 which was charged by A to him