Dear members
Please clear me some point regarding Excise duty benefits..

" we have two plant one is non exciseble second one is exciseble, we purchase some raw material in non exciseble plant with excise duty on supplier invoice, now we are going transfer material to exciseble plant can we take benefit of excise duty in exciseble plant. if yes please clear me about this and send me notification of govt.

thanks..

Sir

our company is going to manufacture PET FLAKES from PET BOTTLES. Please let me know whether manufacturing of PET FLAKE is liable to excise or not

Thanks
Vipin

Cenvat credit on input goods wrongly availed as credit on capital goods. That is 50% credit only availed but not utilized. Subsequently this mistake has been rectified. Whether the dealer is liable for interest for wrong availment of credit?

Dear Sir

Why excise not pay by tea blender?


Regards
PUNIT KUMAR BHANSALI
CA FINAL

Sir
i m an accountant in a trading company who is going to start manufacture of some motor vehicle parts by introducing its new division for manufacturing we transfer the manufactured product from new division to trading unit by merely an entry of stock transfer and then the goods are sale to outsider by billing through trading unit.
will this adjustment can save the excise liability if no at which point excise liability arises.

Sir
i m an accountant in a trading company who is going to start manufacture of some motor vehicle parts by introducing its new division for manufacturing we transfer the manufactured product from new division to trading unit by merely an entry of stock transfer and then the goods are sale to outsider by billing through trading unit.
will this adjustment can save the excise liability if no at which point excise liability arises.

Dear Sir,

We Purchase Gold Studded Ornaments outright from a jewellery manufacturer. This manufacturer will use all his material to make jewellery for us. He will sell it to us under his invoice with VAT. Then we do branding of our Brand on these jewellery & then sell it in the market. Our turnover (from 1.4.11 to till today) is 1.44 Crores nett, i.e. excluding VAT/CST. We have already obtained Excise Regn (as Manufacturer). After crossing 1.50 crores, we will start charging excise duty (1% on branded jewellery) in our invoice to our customers.
While purchasing, our supplier is a pure simple jewellery manufacturer. So he doesn't charge excise on his invoice to us. Thus to avail CENVAT credit, we have no such purchases with excise. However, can we take credit of Service Tax paid on following :- (a) Monthly Marketing Consultancy Fee (b) Monthly Legal & Professional Fees (c) Monthly Advertising ( in newspaper,TV etc) Bills (d) Monthly telephone bills. IF YES, CAN WE ADJUST THIS AMOUNT AGAINST EXCISE DUTY PAYABLE ?
IF YES, UNDER WHICH RULE / NOTI. PLEASE GUIDE. Because on all above four services, we pay service tax of about 75000/- every month. If we can get this credit, then it will be good for us.
regards
anckoora

sir

ER-2 is required to file if we are in Service sector and we are filing ST-3 in every half year.

I COULD NOT PAY EXCISE DUTY ON TIME (ONLINE BY 6TH OCT) i WANT TO PAY THE SAME NOW (13.10.2011).
SHOULD INTEREST BE PAID?
AT WHAT RATE ?
AND HOW IT IS TO BE PAID (THE ONLINE CHALLAN DOES NOT HAVE THE COLUMN OF INTEREST )

A manufacturing company procure excisable goods from another company on the basis of challan say goods received on26.9.2011 (gate pass) & excise in voice shows removal of goods on 10.10.2011... the company took excise credit on the basis of DFT on 10.10.2011...

Now the question is what type of problems the manufaturing unit can face regarding procuring goods on challan basis..Will such procurement will be treated as Illegal??