Audit completed - 22 Jan 2009; Observations Conveyed to Assessee for compliance - 05.3.2009; Audit Demand paid (under Protest) - 21.10.2010;
Show cause notice for much higher (4-times) than audit demand issued - 09.11.2010; Replied - 09.12.2010; Personal Hearing - 25.01.2011;
Order-in-Original signed - 26.07.2011; Adjudication Order served - 13.08.2011;
Can extended period, u/s 11A(1)-provisio, be invoked ? What is provisio to 11A(2) - how do these two provisios differ ?
Can Audit determined demand be enhanced on other accounts like inclusion of freight charges in assessable value though sale cmpleted at factory gate through Buyers' agent (transporter) issuing Goods Receipt showing Buyer as Consignee ?
How could 100% penalty under 11AC and Interest u/s 11AB be justified ?
Any relevant citation against the Deptt. ?
kindly advise if the case of madras cements(SC) where cenvat credit is available for cap goods used in captive mines is applicable under the new cenvat credit definitions
thank you
SIR,
CAN YOU POSSIABLE IN HOUSE PRODUCTION EXCISE EXEMPT.& OUTING SOURCE DUTY PAID
2.BOTH SALES INVOICE SEPARATE OR COMMON
Dear expert,
Is an export under a claim of rebate(rule 18 of central excise rules) and export under drawback(section 74 of customs) the same??
If not the same,
do they both give benefits for inputs, input services and cap goods??
Thank you.
Provisions of mrp are very confusing.
kindly help.
If a wholesale pack is removed, its not valued under 4A, am i right?
define wholesale pack(10 or more units??)
Say a package is a wholesale pack and removed for sale to consumers at retail level....sometime later they are removed from wholesale packs to retail packs..
is it subject to 4A?
thanks
Hye all experts ...i am the excise incharge of a manufacturing co.Excise department isuee a show cause notice halfyearly on freight and insurance.The supreme court is declared that if assesse add F&I amount in sale bill then no excise duty raise on F&I amount i attach the supreme court copy against reply of Show Cause,But excise department issuee every halfyearly showcause.This case is pending last 5 years.please give a suugestion how i solve this case.
A co. is engaged in making of exempted (caol tar goods) prior to finace bill 2011 not. change for 135 items. my question is that they had following stock as on 28.02.2011 which were accquired on "NIL" rate of duty:
1. Raw material : 10 lacs rupes
2. Finsihed Goods : 5 Lacs rupees
Whether we had to clear this both stock on payment of excise duty or not?
Its urgent? and whethe SSI not is availabel for this gruop items
Hi.
Need an excise consultant in Vashi or Navi Mumbai area. Please intimate me if anyone has knowledge or does provide consultancy. Require one urgently.
Thanks
Swapan
Dear Sir,
Kindly provide me suggestion if any manufacturer issued any supplementary invoice for rate difference and charged excise duty on such increased amount, can we take credit that duty as input? Kindly give opinion in detail.
Thanking you,
KIND ATTN.SIR
==============
A FIRM IS A MANUFACTURER OF BOTH EXPORT AND DOMESTIC READYMADE GARMENTS.THE FIRM MANUFACTURES THE GOODS IN THE SISTERN CONCERN NAME'S BRAND AND SELL THE BRANDED READY GARMENTS TO THE SISTER CONCERN.
AT THIS JUNCTURE I WISH TO GET CLARIFICATIONS:
1. IF THE MRP VALUE IS DISCLOSED TO THE MANUFACTURER BY THE SISTER CONCERN, THE DUTY IS LEVIED @45% ON MRP AND DUTY RATE IS 10%
2. IF THE MRP VALUE IS NOT DISCLOSED TO THE MANUFACTURER BY THE SISTER CONCERN AND THE DUTY IS LEVIED ON TRANSACTION VALUE OF THE MANUFACTURER @10%.
IN THIS CASE , THE SISTER CONCERN THE PURCHASES THE GOODS AND MARKETS THE GOODS AT MRP. WHETHER THE SISTER CONCERN HAS TO LEVY THE DUTY 10% FOR THE GOODS VALUE @45% ON MRP.WHETHER THE SISTER CONCERN CAN ALSO CLAIM INPUT CREDIT FOR THE DUTY PAID FOR THE PURCHASES MADE FROM THE MANUFACTURER . KINDLY CLARIFY.
WITH REGARDS
CA.P.SHANGAR
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Extended time limit u/s 11a(2) for audit demand