For trader, if he pay excise duty on purchase and recover same excise duty on sale from customer then while valuing closing stock, excise duty on that stock be included or not?

dear every one,
i want to know tarif code for following iron and steel item.

1. Plate/ sheet (iron and steels)
2. flat (iron and steels)
3. beem (iron and steels)
4. chanel (iron and steel)
5. tmt bars (iron and steels)
6. Angel (iron and steels)
7. squre & round (iron and steels)

kindly inform me tarif code of above item.

thanking you.

I am supplier of EOT Crane. I have an order from vendor(MNRE Exemption), vendor will issue central excise exemption certificate for abaitment of central excise. which goods are used for Manufacturing of MNRE exemption Item on this goods MoDVAT credit can be taken?

Dear Sir,

We purchased Magnitic Bricks (Capital Goods), due to fire accident it is damaged before put to use. We got insurance claim and written off from books (CWIP).

Now we want to sell it as a Scrap,since we already reversed Cenvat Credit taken, are we need to discharge Excise duty on Scrap Sales (Scrap Transaction Value).
Please advise us.

regards
K.MASTHAN BAVA
ZUARI CEMENT LTD
KADAPA (D.T), A.P

dear all,
can someone tell me the records that are to be maintained under excise law and how the procedure works. i would also like to know whether input duty on capital goods can be adjusted against duty payable. pls explian with eg.
thanks

Rule 11 of Cenvat credit rules:-

An assessee was not availing SSI exmption. At tht tym he has taken cenvat credit on capital goods n utilized part of the credit availed.

Now, he is availing the SSI exemption.
Wat will b d treatment of Cenvat credit??

Rply Fast

good morning sir,
plz tell me to register in excise what i will

Dear Experts,

We have two Units. Both are Registered with Excise. We have imported one Capital goods (machinery) in the Unit-II. We have received the machinery on 23.10.10. Today we want to shift it to Unit No.I. So what is the procedure please let me know.
Thanks and regards

R.Dutta

Dear Experts,
(1)Please inform me who are all eligible to take Cenvat Credit on inputs?
(2) Whether a trader is also eligible issue Cenvat Creditable invoices?
Thanks & Regards,
Rajesh.

Dear Experts,
Let us assume A Ltd. is an SSI (it has not crossed a turnover of 4 crores during the preceding financial year).
During the current financial year 2010-11
the following sales has been effected by them and it is not in others brand name.

April 2010 - Rs.12 lakhs
May 2010 - Rs.10 lakhs
June 2010 - Rs.18 lakhs
July 2010 - Rs.25 lakhs
August 2010 - Rs.18 lakhs
Sep. 2010 - Rs.27 lakhs
Oct. 2010 - Rs.32 lakhs
Nov. 2010 - Rs.38 lakhs
Dec. 2010 - Rs.40 lakhs
Jan. 2011 - Rs.45 lakhs
Feb. 2011 - Rs.32 lakhs
Mar. 2011 - Rs.30 lakhs.
- -----------
Total Rs.327 lakhs
-----------

Please tell me what is the Excise Duty we have to pay for every month. Please ignore the Cenvat Credit available amount, since i want to know what is the excise duty payable for the assessee.

Thanks & Regards,
Rajesh.