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Anonymous
14 June 2011 at 11:01

Rebate on Export in Excise & DEPB

Dear All, We are a Maufacturing company in navi mumbai, we are exporting the material to singapore, We have a credit Excise R.G. 23 Part- II, and we are going to claim the rebate by debiting the duty to R.G.23 Part II. I Want to know Can We claim the DEPB Benefit with custom on same consigment.


Hitesh S. Thakkar
13 June 2011 at 19:44

Boundries in Central Excise Form

Hello all,

I want to know what to fill in Central Excise form in

the East, West, North and South boundaries of the premises getting Registered

What to Exactly filing in East, West, North and South Boundries Boxes ?

I am very confuse to filing anything in these Boxes at ACES Website.

Please Reply Me as soon as possible..


harpreet kaur
13 June 2011 at 16:15

Rule 10 cenvat credit

there is a querry in excise regarding rule 10 of cenvat credit rules in which credit of excise can also be transfered if the ownership of the factory is changed due to lease, amalgamation, merger, sale etc...

Now there is not written that which type of lease is section talking about???? According to me, if we apply the interpretation rules to read the provision, the word lease is written with amalgamation, merger, sale etc.... i.e, all the words says that the ownership has been transfered. Therefore, the word lease to be interpreted as finance lease since there is a transfer of assets in finance lease.
However its only my perception and nothing is written anywhere.

Please suggest me..........


Sandeep

If an EOU files a ER2, what is the impact in case of following two situations:
where in case of Finished Goods the closing balance as per books and as per ER2 are not same.

Opening stock of ER2 does not match with the closing stock of last months ER2.


CMA Shilpa Shinde

- EXCISE DUTY IS CHARGED WHEN GOODS SOLD TO UNREGISTERED CUSTOMER.

- LATER THE GOODS ARE RETURNED BY SAME UNREGISTERED DEALER.

1) IS CENVAT CREDIT ON GOODS RETURNED FROM UNREGISTERED CUSTOMER ALLOWED?

2) IN CASE THE SAME ABOVE GOODS RESOLD TO SAME UNREGISTERED CUSTOMER, EXCISE DUTY NEED TO BE CHARGED IF NO EXCISE CREDIT IS TAKEN WHEN GOODS RETURNED BY CUSTOMER?

ANY SPECIFIC CASE LAW?



Anonymous
13 June 2011 at 09:53

licence regarding

The company X got licence under Krishi Vishesh Upaj Yojna.We advice on financial enteries to be passed in the following cases:-

1. At the time of getting licence.
2. At the time of duty free import
3. At the time of duty free export
4. If licence is sold at profit or loss

If Company Y purchases the license from X then what entry will be passsed in the books of Y.

Please help



Anonymous
11 June 2011 at 14:28

jobwork

hi, sir,i am dealer in delhi not registered in central excise had purchased hr steel coil on non excise bill and sent material for job work on delivery challan stating value of goods to punjab for making of pipe and bring back the material to delhi and sell it to contractor who is also not registered in central excise,is job work[conversion value]attracts excise duty or excise duty on full value of material or it will be nil


CA Harshit Rastogi
11 June 2011 at 13:20

JOB Work Treatment

Sir,
Can u provide me complete details Regarding JOB Work Treatment....
In Brief-
-What is the Format of Challan?
-What is the Format of JOB Work Register?
-if raw material is directly sent to suppliers premises then how we reverse the cenvat credit and its accounting treatment?
-on what value challan is to be prepared?
-how can we book CCR when processed goods is received from the job worker's premises
-on what basis we prove that the material is belongs to a particular LOT since material is sent on JOB Work everyday....

Thanks



Anonymous
11 June 2011 at 12:08

ER-2

Sir,

We have started new 100%EOU unit in Maharashtra. We have dispatch material against CT-3 (without payment of Duty) in Maharashtra.

I have face problem in efilling of ER-2. The queries are as follws :
I Want to know under which para (Para 6.8 or Para 6.9 of FTP) and under which Excise (EOU) notification or circular goods cleared.

Please guide me.

Thanks,
Sushant Todkar
sushanttodkar@ymail.com



Anonymous
10 June 2011 at 14:42

Valuation of Excise Duty reg-

Dear All

I have querry. When sale of goods covered under section 4A to a manufacturer, shall duty on MRP attract on transaction value? or Shall the manufacturer pay the duty on declaring MRP ? How the manufacturer should procure the goods covered under third schedule from its origional manufacturer ? Or a dealer can procure the same from it origional manufactuerer on trasanction value.
Regards
HS NEGI






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