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seshadev sahoo
27 June 2011 at 15:21

Jobwork

In jobwork there is a timelimit of 180days for keep the material at the end of jobworker. But what will be the necessary action for delay more than 180days to keep. Then wht will be the penal provision if duty not reversed within the time limit of 180days or its admissible by the department.



Anonymous
27 June 2011 at 12:18

availing cenvat

is it possible to avail & utilise cenvat credit in RG 23A& RG 23C during the exempted period of goods?

2.Is it possible to avail the cenvat credit in RG 23c during the constrcution of capital Asset?



Anonymous
27 June 2011 at 10:39

Clarification

if a trading company is not registered as excise duty but purchased material from other company and sold to other company in mean while purchased company collected Excise duty form the trading company
but trading company not collected excise duty when sold the goods
my question is
is excise duty direct expenses / indirect expenses to trading company ????
Please clarify


P. SHARMA
26 June 2011 at 20:59

Registration

The company has a two factory , the company will set up the new factory.

please inform me, the company is required new central Excise Registration .


Neeraj Pangotra

Dear all,
i have a query. one of my client is giving discount to his customers @ 50%.bt as per excise he can only give 30%. so what he can do make good of 20 %. here is the example:

Rate per piece is = 100
Trade Discount @ 50 % = 50
Basic value = 50
Excise duty @ 10.3% = 5.15
Total Value = 55.15
CST @ 2% = 1.10
Total Sale = 56.25

as per excise act he can give discount @ 30% so the calculations will be as follow:

Rate per piece is = 100
Trade Discount @ 30 % = 30
Basic value = 70
Excise duty @ 10.3% = 7.21
Total Value = 77.21
CST @ 2% = 1.54
Total Sale = 78.75


my question is how can i adjust the difference of 22.50 (i.e 78.75-Rs. 56.25). I dont want to change the rate per piece. what can i do in it. where i can adjust the difference of 20 % (i.e. 50% - 30%)of discount.
Also tell me that can i adjust 20 % discount as year end discount? for example:


Rate per piece is = 100
Trade Discount @ 30 % = 30
Year End Discount @ 20 % = 20
Basic value = 50
Excise duty @ 10.3% = 5.15
Total Value = 55.15
CST @ 2% = 1.10
Total Sale = 56.25

Please help me out as soon as possible.



Anonymous
25 June 2011 at 12:22

Computation of MRP

How to determine the MRP of any product.
Can I determine the MRP of my product as I want. Or any restriction on it.



Anonymous
25 June 2011 at 10:52

Excise Valueation of Finish Goods

We have availed cenvat credit on raw material & have produce finish goods. Our costing is arising of Rs. 115/KG. So, my question is whether i need to add 10% on this i.e as 115+11.5=126.5 & then excise duties & freight.



Anonymous
24 June 2011 at 19:05

Formalities in case of Dealer

Sir a dealer in iron & steel is starting a new business.
What are the formalities to be fulfilled by him under Excise Act?
Also guide about the return form to be submitted by him?
I am not getting any information on excise in case of dealer from anywhere.
Plz guide


CA Abhishek Singh

i have not understood why and when price list/classification are approved. and why demand will be raised retrospectively.

Thanks in advance
waiting for your reply.


CA Abhishek Singh

i m studying IDT from Bagar book. i have not understood the provisions of dutiability of site related activities. i got confused as to what it means by "movable manner" "immovable manner" etc.

i will be of great help if someone can explain in simple language with example.

Thanks in advance
waiting for your reply.






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