Dear Experts,

One of my clients are required by the Excise department to reverse inputs availed on purchases to the extent of Exempted Sales. Can u tell me the law governing and procedure thereon

RESPECTED SIR...

WHETHER SERVICE TAX PAID TO INTERNAL AUDITORS,TAX CONSULTANTS,CAN AVAIL AS CENVAT CREDIT WHILE PAYING THE EXCISE DUTY..

WHETHER IT COMES UNDER THE CATEGORY OF MANAGEMENT CONSULTANTS....

THANKING YOU...

Whether Cement used for construction of Storage Tank is eligible for CENVAT credit????

Thank you

If goods are sent to job-worker who embosses a brand name on the product, does it amoount to manufacture by job-worker???
Will such job-worker require registration under Central Excise???
what will be the procedure for sending and receiving such goods??
What will be the duty charged on such goods??

Case - I
A company has a CENVAT Credit of Rs. 10 lacs. Due to consistent loss, the management has decided to wind up the company. Whether the company can avail the refund of CENVAT Credit of Rs.10 lacs ?

Case - II
A company has a CENVAT Credit of Rs. 10 lacs and the Company has an unfulfilled Export obligation (Duty along with interest worth of Rs. 10 lacs)for which the date has expired.Due to consistent loss, the management has decided to close down the operations of the company. Whether the company can set off the Unavailed CENVAT Credit of Rs. 10 lacs with the Duty of Rs. 10 lacs for unfulfilled export obligation ?

Thanks in advance.
Arul.

Dear Friends/Experts,

I am going to import some electronics items from china in alot. I am just starting of my business not done there before. So, how much excise I have to paid for import and I am not going to export any items.
pls tell me the rate which i have to pay and what about customs i think there is not customs on pendrive, memory cards and all that varieties of electornic item range.

your reply will be appriciating me for development.
So kindly help me

Sales Tax collected at the prescribed rate of 12.50 % but paid only after deducting sales tax set-off available on purchases as per Maharashtra Vat Rules and showing it in the books of accounts as "Other Receipts".

My Question is -

1. Is it a case of Additional consideration in terms of the Excise Valuation Rules ?

2. Is Excise duty payable on the amounts showing as "Other Receipts" in the books of accounts.


Please explain / clerify with case law .

Thanks and Regards

We have taken dealer registration and we are importing the material and selling the same in india. In few case at the time of invoicing we are not passing on CENVAT duty to customer and we are taking the hit in P&L. Is this procedure is correct or there is any scope to make impovement in this. Can any expert solve my doubt?

Dear Sir

Request you to kindly suggest solution to following my queries.

1. I need to know what is interest/fine to be paid for delayed filling of Excise return ER1 and ER3. however duty paid on due date.

2. A excise manufacturer filled the ER-1 till April 2010 and since wanted to file ER3( April10 to June10) on quarterly basis with out taking exemption as per SSSI notificaion 08/2003 wanted to pay normal duty and take cenvat credit on purchase. what is the procedure (Previous year turn over less than 3Cr).

3. Unable to upload ER 3 xml (April 10 to june10) since we have already filed ER-1 for April10.

We have opened a new farbrication yard in Taloja Tal, Raigad Maharsathra and our registered office is in Vashi, Navi Mumbai.

Our supplier has two columns in his bill, one for consignee name and address and the other for buyer name and address.We have asked our supplier to mention our ECC no in our consignee address ie (tajola Tal) which also the address of given for registraion of Excise. Under the buyers name the supplier mentions our registered office address(Vashi).

We would like to know if modvat benefit would be available from the our suppliers bill if we continue the above mentioned policy.