one of our manufacturing client is covered under EOU and also have local sales and sales are made separately, i.e. for export of goods, sales is out of EOU production and for local customers sales is out of Other than Export(OE) production, these goods included in STOCK separately identified in EOU warehouse and OE warehouse. our client is sending samples as free of cost to their foreign customers dispatched from local(OE) warehouse. so please clarify me whether goods sent as samples for free of cost to foreign customers out of OE Manufacutered items is subject to excise duty or not?

Indirect tax is to be borne by consumers , but where as cenvat credit is not allowed to wholesaler in setting off liabilities against sales tax... and it becomes cost to the wholesalers..???

As we all know that while taking service from transporter cosignee have to pay service tax on behalf of the transporter if he doesnot charge service tax.
Can we take credit of the service tax paid by us on the transport services for excise duty purpose

We are a 100% Export oriented Unit, we want to convert the EOU to DTA unit. Can anyone tell me how to compute the excise liability on surrender of EOU licence. If we have to pay duty on Imported Goods held / Finished goods etc Which we had imported duty free. What about the Capital Goods, we have to take the amortisated value or depreciation as per IT Act. Another important issue is if we pay duty on surrendering the licence can we avail the credit on the duty paid, if yes what document should be supported for availing such credit.

REgards

Girish Mani

A company has developed some product for its would be client and charged product development charges. At the time of develompent, neither the buyer is under obligation to buy the product from the company nor it can compel buyer to take certain quantity. Hence to safeguard the company's interest towards cost of development, it charge lum sum amount from buyer. After developing the product, the buyer places order to the company, but the price charged from buyer is no where related to the product develoment cost. There is no compulsion to the buyer that how much quantity he will purchase. Thus as per company's view, both the transaction are independent. Company is not charging excise on development charges. Excise department after giving reference to sec. 4(1)(a) of Central Excise Act, 1944 & Rule 6 of Central Excise Valuation (Detemination of price of Excisable goods) Rules 2000, raising a demand for excise duty on product development charges.
Would some one guide us to avoid this with the help of case law.

Thanks in Advance.

CS U S Sharda

Dear Sirs,

Our factory in M.P & we want to open 1 Depot.in Maharashtra then what is the procedure to registered ourselves in Maharashtra Excise & which record we have to maintain in Depot in Maharashtra for our future sales in Maharashtra.

Please explain me how many types of excise duty reates are there and how should we apply the rates to the goods with chart.

We are a manufacturing company.We have received some orders from a SEZ company and they are asking us to despatch the material without any taxes like, excise duty & sales tax.
Pls confirm the procedure like what all the documents we should take from the SEZ company for substantiating their claims for getting the material without duties & taxes.

Also which are the documents we should prepare for shipment.

Whether we should take any permission from Department.

Regards,

T.M.Varghese

Dear All,
can any one tell me the Indian Trade classification Code for Software develpoment services provided by the Company and any website from which i can get the entire clasiification code???
(I need this info for filling the form 23ACA on MCA)

I want to know abt how the credit of excise is taken in case of a 1st stage dealer, its accounting during the year as well as on the balance sheet date.
n 1st of all i wud also like to knw wat exactly is 1st stage dealer.
kindly share some knowledge on this topic.
thanking you.