We are manufacturing company ,but few year before we statrted Trading activity selling product as it is purchase from vendor under our brand name ( there is no alteration in by us after recive from vendor ,In trading product all (labeling packing etc.)is done by vendor we just provide only our Label and MRP list to Vendor)we sell on finish product as it is.
My problem is that it is necessary to inform trading activity toExcise department or it not compulsary ?
We power generation company, power exempted good, hence not taken excise registration.
we are selling scrap generated during fabrication and erection of power plant.
Is it excisable, liable to pay excise duty?
I know, that we have to pay excise duty on scrap sales in mfg. company. But here...
Please clarify sir...
Hi, Can anybody tell me the rate of Interest on delayed payment of excise.Please give me the reference. And Please refer the Rule 8(3) of CER,2002 & Section 11AB of CEA,1944. And tell me the date from which the rate of interest should be calculated.
sir
we are a manufactures tell me how to treat scraps. should we recorded it or not
plz give me full detail regarding sale,record and other formalities
if the duty paid goods are removed from factory and comes back with in the same factory and thereafter they are selling as scrap and duty has been paid on that scrap proceeds, the cenvat credit benefit still can be available?
Dear expert
I want to know that how can I get case law decide in assessee favour in case of shortage of raw material at the time of excise preventive raid under rule 11 A C & Rule 15 of cenvar credit rule.
A trader purchases excised paid goods from the manufacturers and futher sale to others without any further processing. he increases the rate and charge enhanced excise duty.
can he raise cenvatable invoice???
what are the requirements he have to follow as per excise laws??
Dear Experts,
Ours is a Pvt Ltd Company, running two different diversified mfg. units having seperate excise registration.
Out of the two units, one unit is doing about 90-95% job work u/r 4(5)a without any excise/service tax liability.Hence we have accumulated Cenvat Credit (Mainly Capital Goods).
My query is :-
1 Whether, we can ask for the cash refund for such accumulated Cenvat Credit ?
2 Whether we can get permission for adjustment / utilisation of said accumulated cenvat credit while discharging
our Excise Duty Liability for another unit ?
Your expert opinion will be highly appreciated.
Regards
I am register as "Manufacturer" (Automobile component), paying duty at normal rate i.e. 10%. Now I like to Purchase oil from manufacturer (excise invoice) and sale it to other.
1. Can I collect excise at the time of sale?
2. Can I take cenvat credit against sale of this oil?
3. Can I continue these activity as ' Manufacturer' ? (Or apply for first/second stage dealer registration)
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Inform Trading activity toExcise deptt or it not compulsary