THE ASSESSE IS PAYING EXCISE DUTY ON PURCHASE OF PACKING MATERIAL USED FOR EXPORTING RICE.
CAN THE ASSESSE CLAIM CENVAT CREDIT ON PACKING MATERIAL .
A buys excisable goods from B and sells it C. A further directs B to send the goods directly to C. In such cases whether to clain CENVAT credit "C" will require Excise Invoice of "A" or can it claim CENVAT on the basis of Excise Invoice raised by "B" on "A" where "A" is shown as buyer and "C" as consigner
Sir, I Submited on line excise return on 10th
and deposite the on line return copy to excise copy by hand on 11th. I have some doubt that my return filled in due date or out due date.If return filed one day late then what is penalty rate will charged by
excise officer.
Could any one tell me the exact procedure for job work.
I also want to know that is rule 57A(4) of central Excise Rule 1944 still applicable?
I have seen that the Central Excise Rules 1944 is rescined so can a rule still prevail after getting rescined by the legislature?
Thanks in Advance
Vijendra Ray
Hey i want to know excise management requirement for RG 23A PART I & II and RG23C book keeping.. scenarios where these a/cs get hit ( GL Entries in case of T/F Order & captive consumption)
What treatment in account about following point :
1. Sale of dutydrawback
2. Duty drawback received on account of export of goods fulfillment.
pls. give example or casestudy.
A firm purchases raw materials locally from Maharashtra on which it pays excise duty and VAT. After manufacturing, the finished product of metal sheet is intended to be exported.
My question is whether the firm has to first pay the excise duty on finished product produced and then claim refund or no excise duty is to be paid at all.
How to claim refund for excise duty paid on raw materials?
What formalities are required to be done to claim refund?
The firm has taken vat registration for vat refund and will be applying for IEC code.
My email id is get2amin@rediffmail.com
Regards
Amin
Dear freinds,
I wanted to know about Excise Tax rate on Gold and Silver Jewellery.
Please reply soon.
Dear Experts,
Already i have posted this query but no reply so far thats why i have posted it again. Pls reply me. Thanks for everyone who replied for this.
While auditing for a company or a firm if there is export sales or Form H Sales means As Per Rule 19(2) of the Central Excise Rules,2002 the manufacturer can remove the excisable goods without payment of duty.
But it seems there are many regulations to avail this benefit such as Form ARE-1 in case of Direct Export, Form UT-1 incase of Form H sales.
Also approval from Assisstant Commissioner of Customs has to be obtained for removing the goods without payment of duty.
PLEASE MENTION ME WHAT ARE ALL THE DOCUMENTS I HAVE TO VERIFY INCASE OF DIRECT EXPORT OR FORM H SALES.
With regards,
Rajesh
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Excise duty credit on INput used on export of Rice