Sir,
I've received a DFT copy from a vendor to avail cenvat credit against engineering material.
But the supplier is charged the excise duty on goods value + local transportation charges.
Plz. suggest whether we can avail credit on same
Whether Excise duty is chargeable for following process ? LLDPE granuels purchased from Relaince, then passes through Extruder for colouring granuels with the use of masterbatch and then pulverising coloured granuels making powder form of 18-20 mesh. Thus question is Whether such 18-20 mesh powder will come under purview of excise or not ?
i maintain my books on tally software under excise provisions.Further note that Excise Department saying that some books like RG Registers must be maintained manually. Is this valid? Which document and books should i maintain in electronic form and manual form? Kindly resolve this query.
When merchant exporter wish to export the excisable goods,then he has to submit B-1 General bond for security deposit. For this he has to take bank guarantee for any scheduled bank. But my question in what is the format of application of bank guarantee and what procedure will be taken by the assesee. Please guide me about this matter
Can any one clarify following:
1. What would 'brand' mean for levy of excise duty on readymade garments.
2. If I export all my goods, do I ned to pay excise duty.
3. If not, am I required to it myself registered and what are the procedures which I need to follow??
Suppose a manufacturer "A" purchase garments & further give it to "B" for processing & B gave it back to A after completing the work & then A consumes the garment himself. What will be the implications of Excise & Service Tax ? And who will be liable to pay Excise & Service Tax.
RESPECTED SIR,
IF WE CLEARING ANY CAPITAL GOODS AS SUCH, WHICH WAS RECEIVED AND INSTALLED ON DECEMBER'10 AND AS SUCH CLEARANCE ON JUNE'11 THEN WHAT IS THE PROCESS TO CALCULATE THE C.E.DUTY. WHICH AMOUNT OF DEPRECIATION TO BE CHARGED IF THE VALUE WAS 150000 BED-15000 EC-300 AND SHEC-150. (DEDUCTION OF DEPRECIATION IS MUST OR NOT)
Dear All,
Would u please explain me procedure of export to any co. which is situated at SEZ.What procedure will be followed for Currency Conversion. For Example if i exported the goods worth €1000.00 to any co.in SEZ what Rate of Exchange will be applied.
Thanks & Regards
I'm a coal trader, buying coal thriugh e-auction held by MCL. From 1st march 2011 coal india have applied excise @5.15% onbasic price of coal. We pay to MCL in advance for coal including of all duties agaist which they issue us Road Delivery Order for lifting of coal. Now further we sell the coal to various sponge iron plants.
The sponge Ironplants are asking us for the excise invoice or else they are deducting the excise amount from the bill & do the payment.
Further the MCL is not issuing us any excise Invoice immediatey agaist of which we shall pass on the cenvat duty to the plants.
We are in confusion how to pass on the cenvat duty.
Please help
on of our client has a turnover of 162lakhs
is those are liable for excise duty
they are not registered yet?
they manufature some matterials?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Cenvat credit