Murugesan
06 February 2010 at 13:46

Transfer of CENVAT Credit

We are 100% EOU, having two unit in a same name in a different jurisdiction , we are taking cenvat credit in both the units, but we are exporting from only one unit, so the other unit cenvat balance is lying as balance there is no DTA sales from our unit, kinly let me know is there any possibilities to transfer the Balance to the unit which is exporting, please clarify the same.


Prakash
06 February 2010 at 11:58

Cenvat on Capital Goods

We purchased a machine on 1.4.2006. We took cenvat of machine that time. We use that machine in production till now.
Now we want sell or dispose of that machine (workable condition not as scrap). So how much we have to pay excise on this ? is it on equal to Cenvat Credit Taken or selling price ? But there are provision in Cenvat Rule if capital goods dispose after use in production that means u are not selling as such so we have not liability to pay cenvat on this is it correct? please Tell me Sir.

Thanks in advance


varun gupta
05 February 2010 at 12:30

Cenvat

A company has two branches situated at two different places.Only one of them is registered under Excise Act. Now, the company has imported some Raw Material for this Exciseable branch whereas Invoice has been addressed to Unit which is not registered under Excise Act and Bill of Entry has also been made in address of Non-Excisale Unit. How can its Excisable Unit take Cenvat Credit of Duty paid as Bill of entry does not bear its address while Raw Material is to be used at Excisable Unit?


Vinay Chopra
04 February 2010 at 15:29

Cenvat Credit

hi,
After the amendment made by the Finance Act 09, cenvat credit on cement, steel and others used for foundation etc shall not be allowed.
Hence does it mean it was allowed earlier??

If a company had not take cenvat credit earlier but after this notification they claim they were eligible for cenvat, can they de-capitalise the cenvat amount from the books of accounts and claim cenvat for cement used in foundation which they had capitalised 2 years back??? Amount involved approx Rs 1 crore.



Anonymous
03 February 2010 at 13:55

Transfer to Depot

under excise law stock transfer form factory to the depot consider as deemed sale......
can anyone please explain whiy with provisions......



Anonymous
02 February 2010 at 19:33

earlier year cenvat

We have the cenvat credit on assets moved to job work sites. these transaction happended in 2000. till now we should not availed, we need clarification on that whether now we can avail that credit or not, if yes can you give the brief provisions according to central excise act


ravi verma
02 February 2010 at 10:29

Assessment

Dear members

In the definition of assessee for the pupose of excise following are included:
1.Producer
2.Manufacturer
3.Person incharge of warehouse where excisale goods are kept and authorised agent of such person.

i want to know why in point 3 (Person incharge)stated above is included in this definition?



Anonymous
01 February 2010 at 14:38

TIME LIMITE

i want to know is there any time limit to utilise the CENVAT input credit
1. Raw material purchased
2. Capital Goods purchased.



Anonymous
01 February 2010 at 14:07

VAT and CENVAT

Sir,

i have no practical experience that's why
i am asking this question

Suppose we have purchased raw material within the state for Rs 1000 for that we have paid Rs120 as VAT (AP government VAT)
My question is
VAT is for – state government
CENVAT is for – Central Government
Now I want to know that
Is it possible to avail the input credit of Rs.120 (state government VAT) from CENVAT payable (Central government CENVAT)

suppose if we purchsed the raw material from out of state we have paid CST. is it possible the input credit on CST from CENVAT

I am confusing please clarify
thanking you in advance


srikanth
01 February 2010 at 11:52

Input service distributor

Hi all,

can any one explain what is input service distributor...






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