what is cenvat credit??

pls somebody explain cenvat credit rule
3(5C).

We are stuffing the goods on our factory premises under the supervision of central excise range officers & they are asking to pay the MOT per hour basis on every day.

So, pl. reply whether we need to on working day also.

Hi I have following doubts with regard to Excise Registration.

1.Do we have to undergo any Inspection after submitting Form A1 online

2.Is it necessary to submit documents physically

3.After filing monthly returns every month do we have to get it attested by officer or the Acknowledgement what we get after E filing is itself holds good?

Thanks in advance.

sir...
Our Company is a manufacturing Company & We process both excisable & non excisable products. In that process, some scrap is generated. & it is difficult to bifaricate the scrap generated from excisable & non excisable productBut we sale scrap withoutexcise duty. So my query is that whether it is necessary to pass on excise duty on scrap or not? if yes at rate & in which praportion

Please reply at earliest

SIR...

WHETHER EXCISE INVOICE CAN BE RAISED WITHOUT MENTIONING/INDICATING THE EXCISE DUTY AMOUNT IN THE INVOICE...IF YES UNDER WHICH CIRCUMSTANCES WE CAN ISSUE..

IF THE PARTY HAS RAISED EXCISE INVOICE WITHOUT INDICATING THE EXCISE AMOUNT & HE IS NOT COLLECTED THE ANY EXCISE AMOUNT FROM OTHER PARTY ...WHAT IS HIS LIABILITY REGARDING THE PAYMENT OF EXCISE DUTY....WHETHER HE IS REQUIRED TO PAY THE EXCISE DUTY AMOUNT ON THE GROUND THAT HE HAS RAISED THE EXCISE INVOICE....

ANOTHER QUERY THAT...

IF A PARTY HAS RAISED EXCISE INVOICE WITHOUT INDICATING THE EXCISE AMOUNT FOR RS 500000.00 & HE HAS RECEIVED ONLY THE 500000.00 WITHOUT EX DUTY.BUT RAISED EXCISE INVOICE....

IN SUCH CASE WHETHER HE IS REQUIRED CONSIDERE THE AMOUNT RECEIVED AS INCLUSIVE OF EXCISE DUTY & PAY THE DUTY TO DEPT..(AS IN THE CASE OF SERVICE TAX
)...

PLS REPLY URGENTLY....

THANKNG YOU...

The company is engaged in manufacturing as well as in trading business. The company is filing excise return for manufacturing activities on monthly basis and for trading activities on quarterly basis. Will there be different dates for filing excise return for manufacturing and trading activities for a company. Pls suggest.

The assessee imports chemicals from abroad and sends it to a factory not owned by him for further manufacturing. This is done on a job work basis.

The factory manufacturers the chemicals for the assessee and charges excise duty.

The assessee then exports the goods to other countries.

How can the assessee claim refund of excise duty paid by him?

Should the assessee register himself under the excise act to claim the refund?

Vishal Shah

Dear Members,

I have few queries with respect to the Central Excise Registration. I request you to put your inputs and give me suggestions on the below queries.

The Facts are as follows:

a. Assessee is a SSI Unit
b. The Value of Clearance is below Exemption Limit of Rs. 1.5 Crores.
c. Voluntary Registration is being undertaken for Excise Control Number.
d. Registration has to be done in the month of August 2010.

The Queries are as follows:

a. Whether the Exemption limit of Rs. 1.5 Crores is available to only Small Scale Industrial Units?

b. If a Small Scale Industrial unit opts for a voluntary registration under Central Excise(Value of Clearance being less than Rs. 1.5 Crores), should the unit pay the duty from the very 1st day of the Financial year or from the date on which the registration application is filed?

For Instance,
SSI Unit "X" has been manufacturing and selling a product from past one financial year. X wants to opt for voluntary registration in the F.Y 2009-10 in the month of August 2010. The value of Clearance for the period April 2010 to till date(12th August 2010) is Rs. 30 Lacs. So if the registration application is filed now that is during the month of August 2010, should the Excise duty be collected from the customer and paid only after applying for registration or X has to calculate the Excise duty payable from 1st April 2010 to till date and remit it to the Government out of his own pockets along with the Interest .

c. What is the rate of interest payable for belated payment of Excise Duty?

d. What are the important notifications, rules and provisions which can be used to resolve the above queries?

Thanks.

Respected Sirs,
If a company is incurring expenditure for another company and later on it is recovering from another company then whether company who is incurring the expenditure can claim the credit?

e.g. X company is incurring the expense on behalf of Y company and later on Y company is reimbursing it to X company. Whether X company can claim credit?