RESPECTED SENIORS,

PLEASE TELL US ABOUT ER-6 RETURN ( WE HAVE 3 UNITS CONTAINING SEPARATE ECC CODE IN THE SAME NAME ) OUR QUERY IS :

WHY WE SUBMIT THE ER-4/5/6/7 RETURN WHEN OUR CENVET + PLA IS LESS THEN 1 CRORE FOR EACH UNIT.

BUT WHEN WE CALCULATE THE AMOUNT OF ALL 3 UNITS TOTAL AMOUNT OF CENVET + PLA COMES MORE THEN 1 CRORE

One of client is doing job work and he is not liable to pay excise duty under notification 214/86. so my question is that whether he is liable to service tax as job work is one of the taxable service under the Service Tax ???

Dear Sir

Let suppose there are a Buyer-A, a Contractor-B and a Manufacturer-C

Contractor-B get the contractor from Buyer-A of Rs.1500(suppose)

Contractor-B place a purchase order of Rs. 900(suppose)to Manufacturer-C as consignee Buyer-A

I want to ask what type of taxes, Contractor-B will liable to pay on his profit and margin of Rs.600 in case of sale in transit.

Hi
I came across a back calculation for determine the assessable value, here it is

Tender price - 217391
Less Loading/unloading- 250
217141
Transportation- 0
Less Excise Duty on Raw Material 16587
200554
Less Vat@15% 0
200554
Less Excise@10.30 18728

Duty Payable on- 181826

What i am concerned about is why has he debited the amount Excise duty on raw material 16587...It is urgent , please Help

We are an SSI unit opted for duty payment from 1st April from itself without taking 150 lacs exemption benefit. We have shifted our factory to new premises during July after reaching 50 lakhs turnover. While shifting we have surrendred the license.
After shifting we have not taken license till we reach 150 lakhs and cleared the goods without payment of excise from 50 lkhs to 150 lakhs and obtained license once we rached 150 lakhs.

Are we correct in doing this or is there any liability as we did not take licese immdlty after shifting.

Hi,

We are producing the sweet biscuit and chocolate products, the products are come to under section 4A (MRP base abatement)
But we are not making the calculation of excise duty under section 4A,(MRP base abatement), we directly pay the excise duty on transaction value, and excise duty value is more than excise calcu. of abatement.

However excise department is saying that you have to make calculation of under section 4A, (MRP base Abatement ),

Actually we are having more than 400 products and it is difficult to calculation of all these in our excise software, so as we decided that pay the duty on transaction value,

Is there any clarification from department if somebody doesn’t want to take the abatement is like.

OR
Can you please suggest on the matter,

One of my client received the goods for the job work in his factory and he is not liable to pay duty..

So what is the procedures/documents required to carry out such job work transaction under the excise act...

Whether the same is required to be mentioned the ER 1..???

Dear Sir,

Kindly guide me on the following points

1.which record/register is required to be maintained under Central Excise & CENVAT Credit Rules...??

2. Whether material imported are required to enter in to RG 23 Part II ???

3. Can i utilise credit of Additional Duty of 4% as against the Basic Excise Duty???

4. What should be done when CENVAT Credit taken by wrongly????

YSR limited engages a SAP and purchases their off the shelf software.It also gets software modified to suit its requirement.

Total consideration is Rs. 150 lacs.Is excise duty is chargeable on this transaction on Service Tax.

Exhaustive answer will be appreciated.
regards,

YSR limited gives a turnkey contract to say Land T for construction of factory and supply and erection of machinery .

query
1,For a single turnkey Contract of above nature can the Cenvat credit of Service Tax available ?
2. L and T purchase machinery of Rs. 5o Cr on behalf the client.Can L and T take Cenvat credit of this machinery which it user for erection and commissioning and charge Service tax to client on entire contract value ?
3. Ideally who should be made consignee in excise invoice for purchase of machinery ? Can YSR or L and T both take credit of the ED on machinery ?

regards,