DEAR SIR,
IN CASE AN SSI UNIT CROSSES TURNOVER OF 90 LACS AND DOSENT GIVES THE DECLARATION,WHAT IS THE MAXIMUM PENALTY WHICH CAN BE LEVIED.
IF WE MANUFACTURE 3 PRODUCTS OF DIFFERENT HEADINGS.WHAT WILL BE THE GENERAL EXEMPTION OF EXCISE IN THAT CASE( 1.5CR OR 3CR),PLEASE ADVICE.
Hi,
7310 or 7326 or any other
Chapter: Mathematical boxes, geometry boxes and colour boxes, pencil sharpeners.
The geometry box is 'assembled' using bought-out-duty-paid parts such as 'compass' & 'pencil'.
The clasification is not present in the third schedule either.
So is there a case arguing that the process does not amount to manufacture?
Thank You
Sanath
agar factry se depot tfr kiya Rs25000 pmt (NTV) k basis pe, aur phir depot se wohi goods Rs40000 mei sale kr rhe hain to depot ko bhi Rs15000 pe duty pay krni pdegi kya
Dear Sir,
My question is regarding availability of CENVAT Credit of material used in construction of factory shed. As per new definition of input, goods used in construction of building or civil structure is excluded. So can we take credit of material used in construction of factory shed?
please clarify.
Dear Sir
This is vimal kumar and my query is i registration in hotel service tax and i need the minimun amount of service tax.
Vimal kumar
Ph-8527174722
Mr A & B are Common Directors in a two different Companies.
Both the Companies are Manufacturing same Product which is Excisable.
Presently 1st co in enjoying SSI Exemption Limit.
My question is whether Turnover of 2nd Company is clubbed for calculating Exemption Limit of SSI by way of Common Directorship or Shareholding of common Director who are relative.
We have a manufacturing unit of exisable goods.
We produced some goood their and transfer it to our other unit ( which is basically in tax exmption zone) for further processing. Some time these goods are sold directly without any further process.
We have some more branch locations which is not in tax exemption zone and where also we do received goods from our manufacturing unit.
what is the excide duty impact on those transections... Do have to pay some more duty on stock transfer to branch than direct sales..
( like if sale some good 150+ duty than what rate will be for stock transfer to branch)
Please advice?
Thanks in Advance
There has been a notification on 1st March 2011 that says 1% duty ad valorem on certain goods(geometry box Im looking for).
On 24th March 2011, another notification says 5% duty and includes of the many products, the geometry box too.
Now, what rate should I take.
Is the 5% duty as per 24.3 notification on MRP or ad valorem?
Thanks
Sanath
We are engage in manufacture and marketing of lubricating oil and greases. We would like to bought grease product from our vendors and store and clear from our manufacturing plant. The excise duty on our mrp will be paid by our vendor at the time delivering the product to our plant. The grease products and packs which we are going to purchase from our vendors are not manufactured our plant from where we want to store and deliver the product to different locations. The grease product which we going to bought from our vendors and the product which are manufactured in our plant are fallen under same chapter heading. We want to deliver the grease products to our depots/ customers which we have bought from our vendors without payment of excise duty as it has been already paid at the time of procurement based on our MRP. Now my questions are as follows:-
(i) Do we require to get permission and approval from Excise department?
(ii) Is it intimation need to provide to Excise department?
(iii) Is it required to have separate godown for the above grease products?
(iv) Can we use our same storage facility which has been meant for the product manufactured in our plant?
(v) Is it require to have separate invoice/challans for the above while deliver the product to our depots/customer?
(vi) Is it require to fulfill any conditions as per Sales Tax/VAT Act?
(vii) Any other condition need to follow as per Excise Laws.
PLEASE ADVICE ME AS PER ABOVE QUESTION AS PER THE ORDER
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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