Dear all

we are the manufacturer and we export to american party but our material is rejected by the party (american) now what is the procedure about taxation.

1) when party return the material at that time the import invoice is is received
2) can we take credit on this invoice


Please

Tell me what should i do

We are manufacturers of machinery which is NIL rate of duty. We are purchasing 'structurals from vendor'. We have to bill to our customer. Can we bill 'Pre fabricated Structurals' If we bill like this what is the status in VAT. Please advise how to bill.

The manufacturer sold finished goods (i.e. sponge iron) & collected Excise duty with Edn. & SHE cess of Rs. 9,49,590 on Assessable Value of Rs. 92,19,339. Here Total Duty Paid = Credit Account + Account Current (i.e., 9,49,590 = 41,200 + 9,08,390)

AND, Opening Service Tax + Credit Availed on Input Service – Credit utilized for payment of duty on goods = Closing Balance (i.e., 51,820 + 2,336 – 41,200 = 12,956)
I want to know that how is the figure of ‘Credit utilized for payment of duty on goods i.e, Credit Account of Rs. 41,200 ’ calculated and the procedure of calculating ' Current Account' ?

We are a Trader and Exporter having IEC.

We are availing the DEPB benefits and other scriptttts like VKGUY, FMS etc. against our export of RAW COTTON. We are not registered with Central Excise because the product is non excisable.

Further, we are importing Sodium percarbonate (2836.99.10) by using the benefit scripts against the import duties and selling the same in local market by the VAT / CST invoices.

My question is whether we require excise registration for the sale India & do we have to follow any CENVAT rules? Any excise duties are applicable ?

Our company say x is having central excise registration. One of our group company say Y which is also having central excise registration is situated in another place. Now my doubt is 1)whether a machinery imported by X under EPCG scheme can be installed in Y premises ? 2)Is there any restrictions under central excise and EPCG ?

Dear Experts, I need help on following situation.
Company ABC Ltd. (Indian) company has received a purchase order from XYZ Ltda. (Brazil) on the terms that a machinery will be developed (manufactured) by ABC Ltd. and will be retained at the premises of ABC Ltd. itself for next 15 years. Some product will be manufactured by ABC ltd. and will be exported to Brazil for next 15 years. Some of the parts produced may be sold in DTA to other customers. The cost of machinery is borne by XYZ Ltda. and corresponding inward foreign remittance will be received from 15 days of Proforma Invoice of ABC Ltd.
Now the question is for raising Proforma Invoice to XYZ Ltda (Brazil) whether excise duty shall be charged or not as there is no Physical Movement of Machinery for the export?
Also advise the taxability of Maharashtra VAT?

In a manufacturing unit we received input services and take input
and also paid the service tax on outward services
plz tell how can adjust input and which amount we take input

In manufacturin unit beside of ER -1 other form should be used

Dear Sir/Madam
we manufactures dutiable and exempted goods to use dutiable or without dutiable inputs
tell me how to maitain the record and how can utilized cenvat credit

We have executed UT 1 bond. We want to export the material through self removal. Can any one explain us how do export without payment of duty?

Is it necessary if we clear material by self removal then duty is payable.

In case we removed the material after payment of E.duty ( Without UT1)then how can we claim the excise duty from dept ? what is duration for filing of claim?