Dear all,

we are in under central exices, mfrs of orthopaedic products in pune unit. but our product under eximption duty not paid, and local sales also not paid tax. in the mean time we are exporting the goods reguler, if required ARE-1 entry. please guide me .

with Regards,
Ganesh.

Sir,
1. As a trader(1st stage or 2nd stage) we want to purchase metal item such as copper from local market and export the same - what are the central excise and sales tax rules to be followed, how the duties and taxes will be levied, whether we need to examined and sealed the consignment by the central excise, should we have to submit general bond B1 and / or A4.

2. As a trader we want to import copper or other metal and export the same to another country - what procedure we should have to follow, whether the goods to be taken to our godown or we can clear it from port waresouse itself, what are the duties and how it would be levied in our sale invoice, should we have to filled general bond B1 and / or A4.

Kindly advise and guide me accordingly, I shall really be grateful.
With warm regards,
K Ghosh

Dear sir,

Our firm is 100% export unit but we are purchasing excisable raw frm local market & taking cenvat in RG.23 PART-II.
Dear sir I want to know that how to utilized my cenvat on raw & wats process for solving this.

Wat we can sale or trnsfer the cenvat to anthor party. plz sugest me.

thanx

Anu Verma

In the Previous Year the clearance from the SSI Unit was below Rs.400 Lakhs. In the Current Year Excise Duty has been paid from the 1st day of March i.e. without availing the exemption up to clearance value of Rs.150 Lakhs.

Questions :-
1. Whether the unit is still classifiable as SSI Unit under excise laws?
2. Is the unit eligible to pay duty and file returns quarterly as applicable to SSI Units?

Please clarify the above citing relevant notifications, rules and provisions under Central Excise.

Dear Experts,
I have a small query in relation to excise duty.
A company has a cement manufacturing plant. It has also established a 25MW power generation plant for captive consumption of power in cement manufacture. However, current requirement of power for cement manufacture is only 15MW. So the company has set up a grid and is selling the balance 10MW power to government.

Now whether the excise duty will be applicable on this?

Further, the company has not shown the power division seperately in books. The company receives many services and pays the service tax. Whether the full service tax credit will be available for set off? If not, in what proportion, the credit will be disallowed.

I want to know how we can found the value addition of one year. As per the new audit guidelines there an annexure which requires value addion amount. Further They also ask duty required to be paid from PLA as per the value addition. As during the years 2008-09 and 2009-210 dulty slab was changed constantly. How we can find out what is the duty. pleas help Regards

sir , if an assessee, who is guilty of fraud or willfull mis statement pays the full amount of duty along with interest u/s 11AB before service of SCN , can the SCN can be waived ?? it was earlier not allowed as per section 11A(2B) , but after the amendments i am not clear on this issue . plz help .


2. what is the concept of addtitonal penalty of 50% of duty u/s 11A ?

3. can the penalty u/s 11AC can still be levied if assessee is not guilty of any fraud or willful mis-statement ?

when a party sales excisable goods the entry is

By party a/c. Dr 9264
To Sales 4% 8000
To excise 10% 800
To Ed Cess 2% 16
To S& Hs Ed Cess 8
To Vat 4% 352
To Vat 1% 88

what wil be the entry for the return of same goods?

Is The following entry for reversal of excise duty is right?
By excise 10% 800
By Ed Cess 2% 16
By S& Hs Ed Cess 8
To Sales 4% 824

what is meaning of DEPB export scheme?
which is scheme us in CT-1 export?

Vitrified tiles manufacturer has used SS Coil and MS Coil to make sailo.(one of the machinery used to manufacture vitrified tiles)The company has made sailo in house by using different kinds of parts & labour.

It has taken a modvat on SS Coil and MS coil as Capital Goods.

whether it has rightly claim modvat on ss coil and ms coil or no.