What is the procedures for transit warehouse under excise?
What are the documents required to be maintained?
Dear Sir,
We are manufacturer of Ayurvedic Medicines.
At present we are paying the excise on MRP based i.e. 35% abatement we are taking.
In above case the invoice prepared under this is on higher side beacause we are giving almost 55 to 60% as scheme and discount to the buyer.
My question is whether we can go for transaction value and not for 35% abatement on MRP.
Mahenndra
In new format of e-filing of ER-1, there is sepate coloumn to mention Notification no. of each type of clearence. We've cleared from our DTA unit to RSEZ Jamnager, I want to know the notifi. no.& date of this clearence.
Respected Sirs,
We are purchased Capital Goods from Other state, now the materials are not suitable for us, so we are willing to return the material to supplier. in this we are raised GRIN also how to return the material. pls give a suggetion as earliest please.
Senthil Kumar
nithyveni@gmail.com
Tamilnadu
Please advise:
As per Union Budget the rate of excise has changed to 10% from 8% w.e.f. 27th February 2010. Whether this change is applicable or it will be applicable only after finance bill is passed.
What is the current Excise rate from 1st April,2010?
My group company has imported some spare parts at nil value from its parent company after paying only custom duty & freight. Now that company converted the parts into a machine after incurring labour cost. Now it is ready to sell the same machine to my company at subsized rates (i.e. Custom duty+freight+labour charges+taxes). My question is on which amount I have to pay excise duty in the situation if I am having ready buyer or in the situation I want to take the same in my stock and later on sold. thanks in advance.
Our client produce the product which is exempted under notification.
They sold the product in domestic as well as export.
MY QUESTION IS THAT we avail the credit or refund option for the input use in exported final product.
as mention in Rule 5 of CCR 2004
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Transit warehouse