Is it mandatory to raise a excise invoice when retruning back the rejected material to supplier? Will the answer be different in case material was initially accepted, accounted, payment also made but subsequently found not suitable & hence being rejected?

Hello! I Am having my CA Final Attempt due in Nov 2011, and am really confused about how to approach IDT! actually i dont have any good exposure in IDT field! I have bought Bangar sirs book but am finding it not that easy to understand. Can you please suggest me on this as i want to get really good score.

Thanks in advance

Cheers

we are garment manufacturer
our last year 2010-11 co turnover was rs2 lacks we got the order of rs15 lacks from branded buyer(excise not levied at the time of taking order) and they insisited us to register with excise and clear the goods under excise. we did so and cleared the goods and paid excise on 5th may
the overall co turnover is rs16 lacks so far which means we comes under ssi. we don't have ant ssi certification please advise we have to file the return quaterly or monthly.

tks n rgds
kamlesh tikyani

I WANT TO KNOW HOW TO VALIDATE THE ER-1 RETURN IN XML FORMAT WITH THE SCHEMA FILE(I.E.XSD)

THANKS

A is manufacturer who charges excise duty
B is trader who is not registered with excise Dept.
C is purchaser in SEZ & Exempted from excise duty.

B purchases goods from A & sells to C. Whether B is entitled to exemption from Excise duty since he sells the goods to C which is located in SEZ. If yes what is the procedure to be adopted.

Your expert opinion will be highly useful & appreciated

Mr. A purchased 25 computer system eligible as capital goods under the CENVAT Credit Rules, 2004, on 01.04.2009 paying a duty of Rs.2600 on each computer system. However, since these system become outdated, it sold 20 computer system out of 25 on 30.03.2011 at a residual value of Rs.2000 each. Detemine the amount of CENVAT credit required tobe reversed in the financial year 2010-11.

Please give your response with the supported working details.

Dear Sir,
Kindly clarify that :-
a)Unit having retail sale up to 8.9 crore in the previous yr what is liability towards excise duty and what formalities are required
to be done by the manufacturer.

b) if the previous yr retail sale is more than 9 cr and less than 12 cr what is the exemption available to him

thanking you

M/s. X & Co. first stage dealer has shown only those items in RG 23D for which Excise is passsed on. Whether it needs to show the itesms in RG 23D in which excise is not passed on ? (e.g. Item A is sold as excise sale as well as simple sale. In RG 23 D details for Item A is given only for the Excise Sale Transactions)

Kindly Guide.

Thanks

We have two companies one in Powai and another in Mahape, Navi Mumbai and both units are having different assessee code. As per order given by dept we need to pay custom duty. However while making the payment instead of making the payment from Mahape unit assessee code the payment is being made from Powai assessee code. Now dept does not accept the payment made on Powai assessee code. Is there any provision to get refund of duty paid on Powai assessee code or transferig the amount from Powai assessee code to Mahape assessee code. Plese suggest.

Dear Experts ,

Please Clarify me what is captive cosumption.
I want know Clear Information Regarding this.

On this Cenvat Credit available...?