Dear Experts,
Plz clarify the procedure & documents to obtain the LUT,
Regard
Basant Chahar
If a idealer is purchasing a plastic cooler raw mould and den d dealer fit the motor and pump and other electrical wiring and fitting does it will lead to manufacturing or not . Give ur opinion as per supreme court verdict
I am working in Auto ancillary industry. We are going to transfer the Machines and other capital goods that will not attract excise duty.
Since the assets life is more than 10 years we availed all the excise duty. Now we can remove the goods under EXCISE INVOICE OR COMMERICAL INVOICE. Since I heard that Excise invoice should contain the excise duty as per excise act.
Please confirm with any relevant sections or notifications
Thanks in advance
Sir,
I have purchased my goods on e1 basis where party A ,party B and Iam involved.Party A is manufacturer and party B is trading .Can i claim CENVAT on excise output of Party A if i have excise invoice of A for purchase from party B .
Sir,
i need the real meaning of notification no 12/2015-central excise (N.T), because i taken the adjustment of EC & SHE of previous duty with current payable duty in my return april,15 to june,15
period , but excise officer disallowed the adjustment
pls take it urgent
Regards
Surajit
sir
we are furniture manufacturing company
we have produced some furniture and used in our office of factory
whether we would be liable to pay excise duty on manufacturing of furniture used in factory office itself
Dear Sir,
I have an issue of Rebate Claim Purpose that, We have exported our goods under rebate claim procedure on ARE-1. And also we have generated an Invoice showing Ass.Value & Excise Duty.
But, on filing of Application the AC/DC is asking to us that "why we had shown the duty amount on invoice, if the Duty is taken from party then we are not eligible to claim the same.
However we have already submitted the disclaimer certificate from our Party.
Please provide guidance in this issue so that we could claim the rebate.
Thanks
Virendra Hardiya
Dear Expert
Plz let me know the documents required for Letter of Undertaking & its procedure urgently
Thanks
Dear Experts,
A excisable mfg concern has purchased machinery Rs. 200000/- Rs. 25000/- ED total 225000/- in FY 2015-16, however 50% ED cenvet has utilize in this existing FY, and remaining 50% will be subsequent in next FY, kindly clarify my query.1) as i have availed 50% ED cenvat in FY 2015-16, hence can we claim 15% depreciation on 212500/- or on 200000/- in FY 2015-16, 2) and in FY 2016-17 weather we will be entitletd to claim depreciation on 112500/- or on only 200000/- even in FY 2016-17,
Regard
Tarun thakur
we are exciseable mfg. unit we purchase m/c capital goods in invoice excise duty charges by party. we are 50% cenvat credit first year and 50% next Financial year.
my query 50% claim cenvat credit we can not charges depreciation and next year 50% duty claim not depreciation in income tax. audit authority said you have full depreciation not claim in excise amount in first year. you have to pay excise duty
for example :-
Purchase Capital Ass. Value FY 1415 Rs. 100000
Excise Duty 12.5% 12500
Total amount 112500
we claim 50% cenvat duty FY 1415 Rs. 6250
and remaining Cenvat Duty FY 1516 Rs. 6250
we Claim depreciation only on Rs. 106250 first year FY 1415 not 50% cenvat credit during FY Cenvat 6250.00 and show in BL. Next year we claim Depreciation FY 1516 only on Rs. 100000/- after remaining 50% cenvat less Rs. 6250.00 which is show in BL.
audit party said you have 50% credit in FY 1415 Rs. 6250/- it is ok but you have not claim depreciation on Rs. 106250.00 you have claim only. FY. 1415 Rs. 100000.00. and he is deny the total credit avail which is FY 1415 Rs. 6250/- & FY 1516 Rs. 6250/- Both Year .
which rule he is deny the credit or any circular pl. provide
devang shah
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