Whether we have claimed CENVAT CREDIT on TMT ROADS as capital goods or not? if possible refer me case law. please
After the amendment brought by finance act 2008 in the definition of goods the sale of scrap arising in manufacture of floor coverings will be liable to excise duty or not?
Moreover do we need to collect tax at source on sale of such scrap?
Note: The scrap generated is the side cuttings of the material roll which arises when the pvc sheet enter into the machine!
Dear Sir,
I am working with the CPS Color India Pvt Ltd., Somnath, DAMAN - 396 210 our company is manufacturing unit with ch heading 8479. We have both registration (Manufacturing and Repair & Maintanence) can we use Service Tax Credit used in home cunsumption duty.
Please clear this issue
Dear Professional Colleagues, I have one client who is into manufacturing of the product which is under Valuation norms of Sec. 4A of Excise Act, i.e. MRP Valaution. Query: As per valuation norms duty is paid on the amount which is calculated at MRP Rate less Abatement. Now if the sale rate to customer is higher than the value on which excise duty is paid. Is any legal issue is there? As per Sec.4 of Excise Act, duty is to be paid on sale rate. As Sec.4A has overriding provisions and value arrived after reducing Abatement from MRP is less than sales rate and henecforth duty is paid less. Regards, Piyush Jain
My client is a registered dealer in excisable commodities and is importing goods into India. Customs duty is being paid which includes CENVAT portion as well. The benefit of CENVAT is passed on to the customers.
Goods are imported at Mumbai port (Bill of entry contains, Delhi godown address) and goods are transported therefrom. The dealer is having customer base located throughout India. Can the dealer directly transport goods from Mumbai to customer at Jaipur, without physical movement of the goods into Delhi godown and still pass on the CENVAT benefits to the customer
Whether Iron plates used for machinery repair purpose as captive consumption. What percentage of input credit will avail . whether we can take 50% credit input (or) full input. please help me with provision of central excise rules. How can we shown captive consumption details in ER-1 returns
we are the producer of TMT bar (Excisable Goods) and we capitively consumed the TMT bar for our another unit (for Civil construction) in the same factory/premises resulting in excise duty liability.whether we are liable to able the Cenvat credit of such captive consumption? (Treatment in a/c -: we pass the sale and purchase entry for the same?)
plz give me reply with proper justification instead of yes or no.
Dear Sir,
We are having a unit in Gujarat, we produce an excisable product which passes through 4 process before it is converted into final product.
Currently all the processes are carried out in Gujarat plant.
Now we are planning following:
We are having customer base in Maharashtra, so we are planning to partially process the product at our Gujarat plant (process 1 and 2 only), then, the said semi finished product will be transferred to one of our group company (not branch) in Maharashtra for job work, where the balance two process (process 2 and 3) will be carried on..
Ultimately the final product will be produced at our group company's plant and the same will be delivered to the customer from that factory (i.e. our group company's plant) only.
Note: our group company is not an excisable unit.
Further we will also continue to manufacture the product at our Gujarat plant for supply in Gujarat and other state.
we are the producer of TMT bar (Excisable Goods) and we capitively consumed the TMT bar for our another unit in the same factory/premises resulting in excise duty liability.whether we are liable to able the Cenvat credit of such captive consumption? (Treatment in a/c -: we pass the sale and purchase entry for the same?)
plz give me reply with proper justification instead of yes or no.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Cenvat Credit on TMT Roads