Hi,

If we make some import purchases how to add custom duty to purchases. Suppose the invoice value of imported goods is Rs.100 and customs duty is Rs.10.

We would like to show our stock as Rs.110 but at the same time our supplier A/c should show Rs.100 (invoice value)as payable and not Rs. 110 (which is incl of customs duty)

How to enter this purchase in Tally, if we activate tracking of additional cost of purchase then the custom duty also gets added to the invoice value of supplier and total payable amount payable to supplier becomes Rs.110 which is not correct bcoz only Rs.100 is payable to supplier and Rs.10 is customs duty.

Also at the time of making payment of import duty (i.e. customs duty, CVD, Cess, SAD etc) for clearance of goods from customs port what entry to be passed.

Kindly clarify the above.

Thanks
Vidya

We are a 100% EOU manufacturing Bulk Drugs and purchase material imported and indigenous accordingly make Export and DTA sale but mostly we are selling our product in DTA and pay excise duty (8.24%) only. For making product we use indigenous procured goods, which we procured against CT-3. Should we also pay Customs duty (50%) & Excise duty (8.24%) as well as both Cess. Please let us know the duty structure of DTA clearance in relation to use of indigenous procured goods with relevant notification.

Dear Sir,

Please help me !!!!!!!!11

What is the meaning of following sentence?
it has been in RG 1 register.

CLOSING BALANCE :

1) In finished room.

2) In bonded Store room


kindly tell me meaning of second sentence.

Thanks & Regards,

Rajendra Ahire

we are taking 50% of Excise Duty, E.C. & SHE.Cess and 100% input on Additional Duty - (Imports) on Capital Goods and remaining 50% of input transferred to upcoming year. is it right to take 100% input on Additional Duty - (Imports) on capital goods instead of 50%? Please give us your valuable reply with notification Nos.!

Thanks in advance

Aravind Kumar

IS IT COMPULSORY TO HAVE TRIAL BALANCE IF WE HAVE TWO OR MORE UNITS, BUT THE FINAL SALE IS FROM THE MOTHER PLANT AND THE OTHER UNITS DOES THE SALE TO THE MOTHER UNIT.

Hi

Can you let me know, how can avail cenvat credit (basis of document) if "ORIGINAL FOR BUYER" AND "DUPLICATE FOR TRANSPORTER" invoice copy lost in transit.

Can be claimed on the duplicate of "Original of Buyer" or "Duplicate for Transporter", if yes under whcih notification/case study/rule.

Ankit

At present we are using handwritten excise invoice for removal of excise goods.We intend to install an approved excise software for comuterised excise invoicing.As per the software supplier we can install the same and inform the
superindent that from today onwards we will be using computerised invoice starting from Sr. No.....

Should we take any specific approval?

We are trading highsea sale transactions regularly. what kind of central excise registers we have to maintain for that.

gopal

we are having a dealer ship excise licence.
in the licence form we filled only one material. Can we trade with other materials on the same licence or only what we mentioned in the excise registration form

We have supplier materials to our customer and due to the quality problem the same got rejeated.The customer will be returning back the same with their excise invoice after debiting the duty.This material will be used in our normal production.

Whether we should inform to the department about the returns?

Can we take Cenvat?

Regards,