Meekha
24 December 2009 at 18:30

Assessable value under Central Exice Law

Can any one please teach me and help me to solve this problem?

A ltd supplies raw material to a job worker K ltd. After completing the job-work, the finished product of 5,000 packets are returned to A ltd. putting the retail price of Rs.20 on each packet. The product in the packet is covered under the MRP provisions and 40% abatement is available on it.Determine the assessable value under Central Excise Law from the following details:

i) Cost of raw materials supplied Rs.30,000
ii) Job workers charges including profit Rs.10,000
iii)Transportation charges for sending the raw material to the job worker Rs.3,000
iv) Transportation charges for returning the finished packets to A ltd. Rs.3,000

Please teach me how to do this.


Panduranga
24 December 2009 at 11:50

excise

what is turnover limit for excise duty?


yogesh
24 December 2009 at 10:07

about cenvat credit

whether tables used in assembly area of the plant on which cenvat credit is applicable or not
pls reply.
yogesh


lalit

incase of capital goods what kinds of duties can be taken for cenvat credit.


Ratan Bharti
23 December 2009 at 15:00

CENVAT Credit on 25% GTA


Dear Sir/mam
We are a Manufacturer and Excise payer @ 8.24% on excisable goods we are paying Service Tax on freght on GTA @ 25% on freght value. Anyone told to us that we can claim CENVAT Credit on service tax paid on GTA @ 25% on freight value
i want to know that can we take CREDIT of GTA whlie we paid Excise if yes kindly refer notification number and year or case law reference if any
thanks in advance for your valuable guidance


Harshavardhan
22 December 2009 at 20:14

Excise Registration for 2nd unit

Dear Expert

I have already Proprietorship uint. Now i have propose to start a new unit in different name. Pls guide me how to propose new unit registration pls help me


jignesh modi
22 December 2009 at 14:09

trading permission application withdraw

Dear All

We have start a new compnay in gujarat state. we are manufacturing industrial gases. Due to electricity probelm we have not start plant in the month of April-09 so we applied for trading permission to commissioner but till date we have not received permission.
Now our plant is stared and we not required trading premission

so we have write a letter to commissioner for withdraw the application for trading

how write a letter please help for that.

it is very urgent



Anonymous
22 December 2009 at 11:21

EXPORT UNDER LUT/JOB WORK PROCECURE

Dear experts

(1)In case of export under LUT it is necessary to maintained any bond register/or any other register?if yes what is the column to be maintained?how to treat transaction?

(2)If we are sending Inputs from factory premisese to job worker for further process and returned processed material to us it is necessary to get permission from excise authority?

Request you to give proper guideline in this matter.

Thanks
Sandeep



Anonymous
22 December 2009 at 09:54

purchase without cenvat

please clerify
if a registered dealer or manufacturer purchased some goods from unregistered dealer or manufacture then where that purchase will be recorded.
because when we purchse raw matereial is entered in 23a part 1 and duty in part 2 but in this case the seller is not registered under excise so we dont have excise invoice


Rider ride
22 December 2009 at 08:08

DEPB a/c treatment

Hi
Pl. tell that
what is DEPB license and what is its accounting treatment?
Also tell that how it should be dealt at time of sale/purchase?
What are the supporting documents from where the reliability of a/c entry could be checked?

Thanks






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