If Finished goods are sent for Testing with Third Party Inspection Agency & goods needs to be dispatched from Agency to directly to customer ( As bringing back material will cost is more & needs to be sent directly). What shall be the excise procedure or Rule to be followed.
Similarly if Raw Material(Semi Finished/processed) sent to Job worker & need to be dispatched to the customer from Job workers premises, what shall be the excise regulations to be followed & procedure addopted.
Respected sir,
we are MRP based and non MRP based (ad valorem) product SSI manufacturer .
1.
for the purpose of 150 lakhs limit calculatiuon ,weather turnover of MRP based product to include 100% or net amount i.e MRP less 35% abatement ??
2.Weather Vat to be included for the purpose of 150 lac limit(we are taking VAT credit)?
Dear Sir,
Factory has installed storage racks in factory warehouse. Racks are used for keeping raw material and finished goods.
Chapter heading is 94, 73.
As per my knowledge the above excise chapters are not falling under capital goods definiation. Therefore credit is not eligible.
Any anyboday give case law or other details related to this.
with regards,
maruti
I am planning to start a small business. I will be manufacturing garments in small quantities here in India, sending them to a friend in Holland, where she will sell them to some stores & we will be sharing the profit. I had some queries. I will be registering my label soon & will be manufacturing under it.
1.What is the registration process with the government regarding exports & what is the procedure?
2.On what basis & how much duty is to be paid to the government?
3.Does my friend in Holland need to pay any sort of duty to receive the goods?
4.How do I receive the payment from my friend? What should be the mode & what part of it is to be paid to the government?
Dear All,
We are going to write off few of our assets in accounts. These assets are very old one which may be before year 2000, and we could not trace them in our factory.
We would like to know that what will be the treatment in Central Excise should be given to this transaction, with respect to the payment of duty if any in this write off.
Regards,
Gaurav G Badwe
dear sir
if we have take wrongly duty debit in RG23PART-A them how improve this mistake
Dear Sir
We are manufacturer of SG iron castings,
We have imported LED Light for fitting in manufacturing factory Shed, paid CVD and Additional duty (Not paid BCD), on imported LED Light.
Can we avail cenvat credit of CVD and additional duty paid for import of LED light?
Regards
Mohan
HI EXPERTS,
could any one explain me what is the present excise tax rates in india/andra pradesh.
and manufatureing companies rates for
rawmaterials and capital goods??
thanks in advance
sadasiva
HI Experts,
I would like to know all taxes include in one scenario.
CAN ANY ONE EXPLAIN WHAT IS THE CALCULATION PROCEDURE FOR "EXCISE,VAT" etc..in one scenario?
suppose a company purchasing raw material
it include taxes like "Excese,Service,TDS,vat
how will we calculate???
what will be the accpunting entries??
and
the same scenario for SALES also explain me
THANKS IN ADVANCE
Sadasiva
I am Supplier Under the Take home ration scheme. under which I supply processed mixture of Wheat, Moong , jaggery , Groundnut , Sugar , soyabean and other nutrients in it. I know that it comes under the defination of manufacturing but i want to know rate of duty on it and the chapter heading under the central excise tariff act ?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Dispatching finished goods from job worker/testing agency