We have excise manufacturing registration. We are importing the material and selling it in india. We are taking CVD set off agaisnt excise libility. Yearly Excise liability comes hardly Rs. 35 lacs. After set off hardly we are paying Rs.15-20lacs throgh PLA. What are chances of excise audit.or is any provision of exemption of excise audit.
Hi Experts,
I would like to know how to Fix the price for Dealer, Sub-dealer and distributors.
Can anybody help me in this regard?
Waiting for reply
With thanks
r
Whether is it possible to export goods directly from a job worker? If yes, what is the procedure?
e.g. Assessee, in Maharashtra, has sent goods to a job worker, in Karnataka, for machining and instructed to Job Worker to deliver goods directly to Spain, on behalf of assessee. Purpose of this arrangement is to reduce transportation cost and time gap. All expenses are to be incurred by assessee including transportation. Whether such arrangement is possible under Customs or Excise Rule? If yes, please let me know what is the exact procedure to be followed by the assessee as well as Job Worker..
Thanking You.
Dear Sir,
If we purchase some processing material by way of paying excise duty to the manufacturer, and subsequently our final products do not have an excise duty element. In that situation normally we are not taking any cenvat credit on the purchases. Can we get the excise duty refund for the above? What is the procedure?
Regards,
S Velmurugan
Dear Experts
Can u please explain the difference between Manufactured or Produced under central excise rules.
If capital goods after partial used removed from factory. Amount equal to Cenvat credit taken at the time of entry shall be paid.
My question is- whether cenvat credit avialed is utilised for payment of duty.
if any case law,pls let me know the same
Dear Experts,
Could you explain how to address following query.
Company 'A' receives a job from company'B'.
1.Material purchased by company 'B' directly send to the company 'A' free of cost (incl.own material & material purchased from 3rd party)
2. company 'A' received the mat. with specification,then converted the material into
particular specification. after that invoice made in follg.manner
-------------------------------
Labour charges 100
Cost of material 50
Mat.given by Comp ‘B’)
Gross margin(10%)on material 5
-----
105
Ex. Duty 15
Cess 0.45
-------
120.45
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---------------------------------
3.Excise duty input credit taken by company‘A’ eventhough goods received free of cost and it adjusted against excise duty as per Invoice raised by company‘A’.
My question is,
Why service tax bill is not raised,whether is it correct method?
Excise duty input credit taken by company ‘A’ is correct or not?
If this procedure is not correct what is the correct procedure?
Our company is procuring concrete railway sleepers (subject to ED@8.24%) for being used in railway line inside our factory premises. This railway line has been used for bringing coal & other materials into our factory premises for being used in our power plant (the power is in turn used in the manufacturing activity).
My query is whether our company is eligible for cenvat on duty paid on theses concrete sleepers (either as capital goods or inputs). would request for your comments at the earliest.
1. Refrigeration/Air conditioning system as a whole cannot be considered to be excisable goods.
Air conditioning units however would continue to remain dutiable as per central excise tariff.
what is air conditinong units and and air conditioning systems.
2. what is the meaning of pressure testing
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Excise audit