DEAR SIR

WE ARE PVT LTD MFG. CO REGISTERD IN EXCISE, WE HAVE PURCHAED A MACHINE ON 20/11/2012 OF RS 10,50000. EXCISE WAS ON THIS MACHINE, RS. 129780.00, WE HAVE DONE SOME WORK ON THIS MACHINE, AND NOW WE ARE TRANSFERING THIS MACHINE TO OUR ANOTHER UNIT IN BANGLORE OF RS 14,00,000.00 ON 23/12/2012 PLEAE TELL ME OUR EXCISE LIABILITY ON THIS MACHINE,

SHOULD WE CHARGE RS 129780.00 OR WE CHARGE 12.36% ON RS 1400,000.00

PLEASE TELL BRIEFLY

THANKS & REGARDS

Dear Experts,
Please clarify me on this issue.
Excise audit department has said to us that we have to pay back the cenvat credit utilised on the customer rejected goods as per Rule 18 of the Central Excise Rules 2002.
In other words
Rs. 10000 Cenvat Credit utilised for producing 100 units of Finished product on April 2012. Selling price per unit is 3000. Excise duty liability comes around Rs. 360 per unit (cess is also included).
All the goods were removed during the month of April 2012 itself. Out of 100 units 10 units were rejected by the Customers.
Now the excise audit department personnel says that we have to pay the excise duty of Rs.3600 (Rs.360 * 10 units rejected by the customres) which were utilised to product the customer rejected products as per Rule 18 of the Central Excise Rules.

Please clarify me whether i am required to pay this Rs.3600. Give supporting answers with relevant sections, rules or notification or case laws as the case may be.

Thanks & Regards,
Rajesh.

i want to take excise registration for dealer but i have no godown i have only office and i m not stockist. As per order i have purchased and directly dispatched at my client site. is it possible without godown i can get excise registration?

please reply

DEAR SIR

WE ARE PVT LTD MFG. CO. WE PURCHASED A CNC MACHINE ON 10-10.2012 OF RS 10,50000.00 EXCISE DUTY WAS ON THIS MACHINE RS 129780.00 NOW WE ARE TRANSFERING THIS MACHINE TO OUR ANOTHER UNIT IN BANGLORE ON VALUE OF RS 14,00,000.00, PLEASE TELL ME WHAT WILL BE OUR EXCISE LIABILITY.

THANKS & REGARDS

Sir,

Wheather the registered manufacturer in central excise(with man power for repacking only) can send the job work to cexcise registered manufacturer where the excise duty applicable ? wheather the imported rawmaterials cost also included in assessable value?

My client had taken excise registration as SSI Unit this year.(At the time of registration, Turnover was Rs. 120 lakh). Now turnover is Rs. 200 lakh. Whether excise duty appliacble on Remaining Rs. 50 Lakh? Or Can i avail the benefit of exemtion limit of Rs. 400 lakh by not availing CENVAT credt?

we want to avail the benefits of noti. no. 14/2009 C.E (N.T) Dt. 10.06.2009 for procurement of goods at concessional rate of duty.
So , what type of bond are supposed to execute to the assi. comm. of central excise.

Kindly provide the sample of bond(surety)

Is CAS 4 valuation apply on stock transfer even goods are removed on market price?
if no kindly provide relevant material on the same.

Dear All,

We are a Power company currently in construction stage.During the construction we are sending some material outside for some job work. Whether on removal of those goods from job worker which will be used in own consumption for construction process we have to pay ED or not? Please clarify at the earliest..............

Dear Sir, Greetings of the day! My client is dealing in branded garments and have issued excise invoice, while charging 30% duty on MRP in this month.

In this regards i wish to know the complete detials of duty payment like, generating and filling challan, which banks will accept duty payments and due date for filing and submission of ER-1 Return.

It's very highly appreciable if any one guide us the method of making duty payment. Thanks!
Asif.