We are in the manufacturing of biscuits.
For valuing Excise duty, section 4A is considered and on MRP less abatement and duty is paid.

Wherease for paying VAT, commercial value is computed and VAT on such sales value is arrived.

Why Excise and VAT are not valued on the same value?

Is there any case law supporting the same.

how to reconcile excise return with books....

Whether cenvat credit on Education cess and higher education cess is allowable on inputs when they are purchased from 100% EOU. Any CESTAT DECISION available if decided. Your Expert Comments please.

DEAR SIR,

I AM MANUFACTURER & I HAVE ALREADY FILLING ER-1 RETURN MONTHLY BUT IN F.Y.09.10 MY TURNOVER IN LESS THAN 4 CAROR SO I NEED TO FILL ER-3

PLEASE SEND ME EXCLE FILE OF ER-3 RETURN COPY.

THANKING YOU,

VINOD.

Dear all,



Kindly review the below details of sales invoice and sales return for goods sent. The break up being –



1. Value of Finished Goods (FG) - Rs. 4061 /-

2. Excise duty Output @ 10.84% - Rs. 440 /-

3. Education Cess Output @ 2 % - Rs. 9 /-

4. Excise H & S Output @ 1 % - Rs. 4 /-



Total value of FG - Rs. 4514/-





Now the debit note issued for the sales return does not show excise break -up and has clubbed the excise duty and shown the tot value of goods.

1. But how do v account for the excise duty reversal in tally? We have already defined the excise duty structure product-wise to calculate it automatically and give results as Assessable values.

2. will we get excise duty credit for use in future inspite of fact that the debit note does not show excise duty separately?


3. which register to b maintained for further sale of this rejected goods

Kindly guide us. IT is urgent.

DEAR
WE ARE AVAILING FULL EXEMPTION IN UTTRAKAHND IN TERMS OF AREA BASED EXMPTION VIDE N/N 49,50/2003. WE ARE MNUFACTURING STEEL ITEMS IN TERMS OF FURNANCE & ROLLING MILLS ITEMS.
CAN WE CLAIM FOR REFUND ON EXCISE DUTY PAID ON RAAW MATERIAL & CAPITAL GOODS. ETC
THANKS

We are availing area based exemption in uttrakhand state. can we claim for refund on duty paid on raw material and capital goods.

regards
naved

Dear Expert,

Please make me clear the Excise Formalities for the Manufacturer at the Project phase. As it is already registered with Central Excise, but like for the Plant & Machinery we are purchasing & other Input or Input Services, when we will be eligible to take the Credit etc.

Waiting for reply.

Hello to All.
Our company dealing in Electrical Lighting Fitting Products whehter we are eligible for duty drawback?
Please explain from where i can get All Industry duty drawback Rates for the year 2010-11.

if 1 owner eg. a partership firm does two business from two different name, having two different products, than will the tourover of both the units be clubbed while calculating the limit of Rs. 400 lakh & 150. lakh