Hello friends & members , We have sold goods on 27.02.12 to X party on this day excise rate was prevalling 10%, after that said party rejected the said goods & returned us by invoicing @ 12% excise rate on 29.08.012. Query is that they did right or wronge, means what rate they need to mention in invoice 10% OR 12%?????pls advice with necessary rules & section................. Thanks & regards- Lokesh Pokharna

Read more at: https://www.caclubindia.com/forum/what-excise-rate-to-be-taken-on-sales-return--223083.asp#.UHBvHZjA9HU

Dear sir,

pls advice me

our company is IT Company. there are two branch - banglore and mumbai. we are transfer finished goods banglore to mumbai branch and as it is goods are sold mumbai parties

pls advice we are charge excise and mvat in mumbai party

regards
praveen

I have a query on central excise. As per SECTION 3, THE charging section. Excise duty is applicable on excise able goods and the rate is that applicable at the time of removal of goods. Say on 15th Feb a company has manufactured goods to the value of INR 8,50,000.00 and the rate applicable then is 10% . Later on 30th March ,s goods worth INR 200,000/- is removed from the warehouse where the goods are stored and the rate of tax prevalent is 12%. The balance goods worth INR 6,50,000/- is removed in two lots dated 15th April and 30th April. The balance sheet of the company is finalized on 15th May 2012. The rate that would be applicable is 12%(date of removal) that part is clear. My main clarification is In balance sheet on 31st March, the provision for excise duty payable will be on INR 200,000/- or ON 8,50,000.00

A SHOPKEEPER HAVE GOODS IN HIS GODOWN WITHOUT EXCISE, WHERE TO COMPLAIN OF HIM IN DELHI

Dear Sir,

I have mention in excise 1st quarter (April-June) return nature of purchase is wrong.I have mention nature of purchase is importer but right is manufacturer,now i want change or fill up revise return,what is process or penalty or last date of revise excise return date.Please give me answer.

It is urgent
Thanks in advance.

Is clearance to nepal by SSI is still treated as home consumption

because w.e.f. 01/03/12 procedure for exports under claim of rebate & Export without payment of duty under bond also apply to NEPAL as well
does it interpreted as clearance to nepal is not home consumption notification.no. 24-29 CE (NT) dated 05.12.11 of cbec

DATED: 03/10/2012

A REGISTERED DEALER SENDS THE MATERIAL TO HIS JOB WORKER WITH IN A STATE AND SOMETIMES INTERSTATE ALSO FOR JOB WORK NOT FOR SALE. IF HE SENDS ONE LOT TO HIS JOB WORKER FOR JOB WORK IN TWO VEHICLES, BUT ISSUE ONE CHALLAN. HE MENTIONS VEHICLE NUMBERS OF BOTH THE VEHICLES ON HIS CHALLAN AND GIVES ORIGNAL SET TO THE DRIVER OF FIST VEHICLE AND PHOTOCOPY OF SIMILAR SET TO THE DRIVER OF SECOND VEHICLE.

IS IT OKAY UNDER DVAT, U.P.VAT ACT AND CENTRAL EXCISE ACT?

THANKS

Our co. is manufacturing as well as trading concern....while making payment of excise duty it does not fully utilize the input means it makes payment partially by taking credit of inputs and balance through PLA inspite of having more balance in Input Account..
My question is whether there exist any statutory requirement to make certain payment from PLA inspite of the fact that balance still lying in Input A/c?

Dear experts,
If any person forwards order as well as raw material other than principal raw material for some processing activity then whether this will amount to contract manufacturing?

I am new central excise registered properietorship concern. having one head office and one depo... do i have to use separate invoice series for both places or i can use one series of invoices for both places? and can i mention address of both premises as head office and depo on single invoice?