I WISH TO KNOW THE PROCEDURE IF MY SUPPORTING MANUFACTURER FAILS TO FILE ARE 1 WITHIN 24 HOURS FROM THE TIME OF REMOVAL OF GOODS FOR EXPORTS. IS THERE ANY PENALTY INVOLVED OR CAN IT LEAD TO NON ISSUANCE OF REBATE ON GOODS SO EXPORTED

Sir I had filed online return in Form ER-1 for manufacturer for 1st quarter of 2011-12. But i had not submitted any document manually to Excise Office. At that time physical verification was pending.

Now I am going to online file ER-1 for the next month. Is it necessary to submit acknowledgment at the excise office?
Please help.

can i calculate excise duty on freight ? plz explain.

2) how calculate advance tax?

Dear Sir,

I've newly registered for online filing of our ER-2 Returns. But unfortunately in the Sl. No. 7 DETAILS OF DUTY FREE CAPTIAL GOODS RECEIVED BY THE UNIT.is showing Nil for Opening Balance though we got the approval for some crores and also its not in edit mode.

I am doing my NIL return hence selected NIL Option in the first page.

Please help me to file my ER-2 for past 4 months.

Thanks,
Girish

why moulding cost / amortion cost charging?
and how charging it?

Sir,

I have query for excise exemption limit:

we have one PVT Ltd Company and we make two different product of manufacturing at different site, so we take Excise reg. separately,

ok my question is ether (1.5 cr)exemption on excise separately to both product or exemption will be on gross turnover (it means both product)

please provide me notification no.
Reply me soon its very urgent

Sir,

Iam registered excise manufacturer and iam filling the ER1 monthly

which return i have to file for routing purpose.

Plesae also send the format of excise returns

Nitin Haldikar

Hi sirwe are pvt ltd co. we are manufacturing goods and we want to export, can we export this goods without having central excise registration what are the advantage and disadvantage central excise registration

A hosiery unit with SSI status for current year wants to avail MRP based exemption. Now whether it has to issue excise invoice from beginning and MRP need to be quoted on invoice???????


Query is-----in case of MRP if aggregate clearance RS.3.33 crore then its value as per rate of 45% will be Rs. 1.50 crores. Now upto clearance of Rs. 3.33 crores excise invoice is to be issued or not?
And whether MRP need to be mentioned on invoice???????

A manufacturing company produced mediproducts and have finished goods as closing stock. As per Guidance note issued by the ICAI excise duty on finished goods should added for the valuation of such finished goods so what will be the entry for the above accounting so that excise duty get part of the finished goods.
In my view it sholud be

Excise duty on Finished Goods Dr.
To Excise Duty Payable
Next year we reverse above entry and pass normal entry when the above subject goods removed .
If we do this then our FG get valued as per Guidance Notes issued by the ICAI and we follow normal accounting by making entry at the time of removal .

Is i am wrong ?
If then pls suggest what will be correct accounting Treatment.