A company is having two excisable units.

Unit I is manufacturing goods partialy exempted, namely coir mattresses.
These goods are cleared for home consumption and basic excise duty is paid @1% ad volerum.The unit does not avail cenvat credit.

Unit II is manufacturing goods which are not exempted and hence paying duty at full rate and also avail cenvat credit.

Unit I transfer goods to unit II and pays duty @ 1% as applicable.

Now Unit II whishes to avail cenvat credit of such goods.

To my opinion the cenvat credit is permissible.

But the range officers deny the credit.

Now my quarry is under what rule the cenvat credit is not allowable, if so.

Can we take input of CENVAT DUTY on commercial invoice issued by mahanadi coal fields ltd. with excise registration no. & Cenvat duty mentioned on the commercial invoice.

Whether Cenvat Credit can be availed on CVD on imported inputs by debiting DEPB or through DEPB scrip.Pl: resolve keeping in view CESTAT LB judgement in Essar Steel VS CCE (2004).

Dear Sir

If one company have Different Division and Excise Registration same for all Division.
one Division only manufacture other divisions are some trading and some distribution . all Division basically Garments and Textile Related only. m/f division excise is applicable .
can we claim input excise and service tax credit of another division against m/f divsion excise duty paying.
if one divsion fabric trading some time this fabric using by m/f Division.
please reply as soon as possible.

Hello everyone, i m studying idt from bangar. i understood the journal entry for availing and utilising cenvat credit and payment thereof.

but after repeated reading also i could not understand what is PLA, what is the use. what entry to be passed in the books etc. the more i read more confused i was.

so please someone who might have practical exposure in excise explain the same.If possible with example.

waiting for ur reply urgently
thanks in advance
abhipcc@rediffmail.com

give the list of capital goods for which excise credit taken and also give definition of the same
thanx.

Dear friends,
my plant is in a exempted zone like uttrakhand,himachalpradesh,we want to send a materialc for job work to Mohali(Punjab)at a C.E.Regd.processor.
Can such processor do our job work? if yes,what is the procedure?
plz suggest.............

Hi,

Can anyone let me know about the rule 57F(jobwork)in detail...thanx

1.what is the basic exemption limit for excise?

2.basic exemption is for each year or only for the first year?

A pvt ltd is approaching bank for loan and bank put a condition of corporate gurantee of its sister concern B Pvt ltd with floating charge creation in ROC, Both companies are engaged in manufacturing of same product.
In the above case, is their any restriction under excise laws for giving corporate gurrantee. As per CA of B ltd, there is some excise issue in this transaction and saidthat excise officer assumes both the units as single.
According to me, there is only contingent liability in the books of B and actual liability of A ltd. Further this is a financial transactions and excise laws should not be relevant in this case.