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SHAMBA PEDNEKAR

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.


shakti tank
29 August 2012 at 16:17

Ssi turnover 150 lacs limit :

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)?



Anonymous


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


Abhishek Palit
28 August 2012 at 16:20

Export to netherlands

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?


GAURAV GOPAL BADWE
28 August 2012 at 10:41

Writing off capital goods in accounts

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



Anonymous
27 August 2012 at 22:01

Wrong duty debit

dear sir

if we have take wrongly duty debit in RG23PART-A them how improve this mistake



Anonymous
27 August 2012 at 18:40

Cenvat credit on led light imported

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


sadasiva
27 August 2012 at 18:05

What are the tax rates for exice duty?

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


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


Rahul Dinesh Trivedi
27 August 2012 at 17:37

Exciseable or not

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 ?






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