In a gazette notification dated February 10, the Health ministry has banned Nimesulide suspension for pediatric use.
Before Gazette notification declared we have cleared this product with paying excise duty to various location of Super Stockiests and Consignment Agents.
We have informed to all Super Stockiests and Consignment Agents for return the goods.
Can we recover CENVAT credit on returned this goods as per CENVAT CREDIT Rules 16 and can apply for remission of Excise Duty.
Please guide.

Dear Sir,
We have received CT-3 form from our customer, Now we are invoicing excise as nil, whether we can take the cenvat for the purchases made for this supply.

Regards
Panduranga

we are ship beakers and have paid customs and excise duty on our imports in Feb-2011. will new budgetary changes in Cenvat Rules restricts us upto 85 % of cenvat availments?

sir i am a ready made garmnts(kids wear) manufacturer havin turnover less than 1crore,but having a tm mark on my brand i wanna know wether this new rule of excise levy of 10% on rmg applies to me n how? sir as rumours spreaedin i v stopd despatchin goods to my party n hence billin has stopd from 1/3/2011. do i have to worry?plz help as i am too confused n dont have much knowledge regardin these things.

ABC Jewellery pvt ltd. got registered with a Barand name Z.
this co. purchase the jewellery from manufacturer & give a tag of its brand name Z.
Does ABC Pvt. Ltd. is liable to excise duty of @ 1% as provided in this budget

if Supplier sale goods under EPCG license then can he charge Excise duty ?

Dear Sir,
We have received CT 3 form from our customer, now We have to make bill to customer, whether I have to put excise or not, how I have to make invoice to customer

Regards
Panduranga

I Purchase some raw material & booked cenvat credit on the same.


Meanawhile this Raw Material is found defective and return to supplier UNDER AN INVOICE and excise duty is charged on the same invoice.


now what we hav treatment of Cenvat credit(which we hav shown on purchase return voucher)

1.It should be shown as excise duty payable?
OR

2. should it be adjusted from input cenvat?

OR

3. some other treatmen.

plz provide solid Base(Rule/ Section Etc.)

Hi Experts,
There is a firm which sells unstiched punjabi suits. It make some job work on it like embroidery, screening, cutting etc.

So whether that firm will liable for the Excise duty as the Budget announced on 28-02-2011?

If yes then which rate will be applicable?

PLEASE TELL ME THE RATE OF TAX ON STARCH AND PAPER AND WHAT IS THE BASIC LIMIT TURNOVER GUIDE WITH LATEST AMENDMENT