friends provide me solution on this:
excise duty paid on raw materials for which modvat credit has availed, wheather excise duty paid on which credit has not been availed should be included in valuation of inventories or not.

Dear all

could anyone let me know that

is there any difference between

exempted goods from excise duty

and

nil rate of excise duty

Thanks& rgds

RK Saini

HELLO EVERYONE

ONE OF OUR CLIENT IS PROPRIETOR OF 2 FACTORIES WHCIH MANUFACTURES EXCISABLE GOODS.

BOTH THE FACTORY COMES UNDER SAME JURISDICTION AND BUSINESS NAME FOR BOTH IS DIFFERENT BUT HE IS THE PROPRIETOR OF BOTH.

BOTH FACTORIES ARE REGISTERED UNDER MAVAT

COMBINED TURNOVER OF BOTH THE FACTORY IS LIKELY TO EXCESS THE SSI LIMIT

MY QUESTION

I ADVISED MIM TO MAKE HIS WIFE THE PROPRIETOR OF ONE FACTORY AND IN THIS WAY REGN COULD BE AVOIDED.

IS THIS THE PROPER WAY

we are despatching our plastic scrap @nil rate of duty under notification 10/2006 dt. 01.0.2006

our product iv cannula(90183930)is dutiable @ 4% under notification 10/2006 amended by 58/2008

my query is that
have we to reverse the cenvat credit to excise duty as we are despatching scrap @ nill rate of duty
as for the exempted goods we are not liable to take the cenvat credit

pls advice

Thanks & rgds

RK Saini

when should excise is must applicable in a manufacturing company

Can anybody please provide the latest excel format of RG 23 A Part I & Part II.

Also pleasae provide the procedure of transfer of goods from Branch in one state to HO in another state and the excise duty impact on the same.

my raw material is for rs. 100.00
my processing charges is rs. 3.00

raw material is exempted goods that means i have not paid any excise on raw material.

the goods i processed is excisable.

now situation is that my output is such that i can not fix its selling price more than rs. 105.00

than what is the liability of excise duty?

At the time filling ER-2 return we have shown wrongly excess balance in cenvat account, and we had showing that amount in our cenvat account from the month oct 09, now i relised that, that amount which was supposed to be not there,and we have filled monthly return by considering that amount included in cenvat account. now i want to adjust that amount or i want to remove that amount from cenvat account. i want to fill this month ER-2 return by adjusting that amount
so how can i do this.
please advice me on the same

REgards
Yogesh

from which date increased Excise Rate as announced in budet 2010 is Applicable?
whether from 27th Feb 2010?

HELLO EVERYONE,

ONE OF OUR CLIENT IS PROPRIETOR OF 2 FACTORIES(same jurisdiction, registered under mvat)
AND

TURNOVER OF BOTH FACTORY IS LIKELY TO EXCEED THE SSI EXEMPTIN LIMIT.

TO AVOID THIS ONE OF MY FRIEND SUGGESTED
TO MAKE HIS WIFE PROPRIETOR OF ONE FACTORY.

IS THIS PROPER WASY OF AVOIDING REGISTRATIN UNDER EXCISE.

THANKS IN ADVANCE
MY ID abhipcc@rediffmail.com