We require to despatch material to our vendor for jobwork which he will return us after complition of jobwork, but when we approch him he told us to despatch along with both challans i.e. 57f4 as well as 214/86, can it be really need to supply the material along with both the challan, pls advice.

Can excisable goods be kept along with non excisable goods in the same premises. if yes do we need to have some kind of demarkation between the two goods. What is the procedure.

Dear Sir,

Your article was really enlightening on excise duty on branded readymade garments, but there is still a slight confusion with regard to SSI Units exemption. We are a small branded garments manufacturers of readymade garments and are registered as SSI unit, we started our branded retail business only from 1st.March.’2011 and in the last financial year till 31st.March.’2011 we had a MRP sales turnover of Rs.1.22 crores but in this financial year from 1st.April.’2011 to 31st.May.’2012 we have already recorded an total MRP Sales turnover of Rs.1.44 Crores, do we need to get our unit registered in Excise and start paying Excise duty @ 10% on 45% of MRP Sales the moment our MRP Sales Turnover croses Rs.1.50 Crores, which can happen anytime this month, or shall we wait for our MRP Sales Turnover to touch Rs.3.34 Crores{i.e., 45% Of Rs.3.34 Crores is Rs.1.50 Crores}. Sir please advise us on this very confusing SSI exemption limit and guide us when to get the excise registration done in this financial year 2011-12, when our MRP Sales Turnover crosses Rs.1.50 Crores or Rs.3.34 Crores, in the current financial year kindly guide us in this regard, your reply will be highly valued and will be be helpful to us.

Thanks & B/Regards

M. Murugappan.

Dear Experts

I am doing CWA inter, I have some clarifications in Charging Excise Duty.Pls assist me.

1 . At what Circumstances Goods become excisable?

2 . Goods must be movable & Marketable,but marketable means the particular products should be sale?

Pls send me the file related to basic excise duty .

We are an 100% EOU and want to sele our finished product thru C&F agent. First we transfer our stock (FG) to agent and then they raised his own invoice for sale the products. if they fail to sale product it will be come bace at our premises. What procedure should we adopt for transferring goods since we are EOU we have to pay excise duty please guide us. How to transfer our product to agent & what is documentation procedure.

Dear Sir,
I have an accountant in Branded redymade garment Company. i have pay excies duty in garment. Our more than Fifty shop in India can i utilized cenvet Credit of service tax. I have pay service tax on Rent of Shop & Maintenance of Shop.

Thanks & Regards

Rakesh Kumar Thakur
07503002268
09350744170

Dear Sir,

If our customer sending back rejected material out of sold material on GOODS RETURN NOTE CUM INVOICE mentioning excise amt and VAT amt on it. Can we reverse the excise amt? the customer is a trader. he is not availing CENVAT credit. so he can not provide Excise Inv for rejection.

Pl do the needful.

Thanks.

i want to know the detailed procedure for obtaining the import n export license for a medicine dealer.

please tell me the detail procedure of the same.

i m from nagpur

Sir,

We have supplied our product to ultra mega power plant, without payment of duty against central excise notification 46/2008 (Base 6/2006) shall we taken cenvat input credit of raw materials purchased for above supllied product?

Kindly help me in this.

Dear Experts,

We are Coal Mining Co. and w.e.f 01.03.2011 we comes under the purview of Central Excise. Our Duty Deposit is more than One Crore monthly.

Sir, we are using heavy earth moving machinery like Dumper/Tippers, Pay Loaders, Shovels etc. and these Vehicles are exclusively used in mines for the production of Coal. Now my question is that can these Vehicles and the spares purchased for these Vehicles comes under Capital Goods and the Excise paid on the purchase of these Vehicles/Spares can be taken as Capital Input.

So far as I have understood that the Capital Input on Dumpers/Tippers(under Chapter 87 w.e.f 22.06.2010) are only available for output service provider involved in Mining of minerals and we are manufacturer so we cannot use capital input even if we are exclusively using these vehicles for coal production. However, I have not found any information regarding the other vehicles like Pay loader & Shovels. Will these vehicles qualify for Capital Goods?

Moreover, what are the returns which we have to file Monthly & Annually.

Thanks in advance,


Abhay Sinhatt