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

is daily stock a/c is mandatory to be maintained manually as per central excise rules??


and what are the other documents required to be maintained manually under central excise rules???



Thx

We are having two manufacturing unit one is 100% EOU & anther is Non-EOU and both are availing CENVAT. Non-EOU is transferring some (Electric Cabales) goods to 100% EOU with payment of Excise Duty. There are two questions:-

(1) Non-EOU procured cables with paid excise duty at the time of purchase and if they are transferring can they charge Excise duty at the time of transferring/dispatch goods to 100%EOU.

(2) 100% EOU can avail CENVAT against the same.

Please guide us with reference of relevant Notification/Circular.

Respected Sir/Madam,
(i)Form "I" is required for exemption from CST when buyer is Located In SEZ(Special Economic Zone. Is this Form "I" is still Relevant? ii) Is any form is required for Exemption of Excise Duty when buyer still located in SEZ? (iii) and When Saler is located in SEZ then he needs to charged CST and Excise Duty if no then How? Thanks in Advance

give tips about audit of excise.

If we have imported a capital goods in bonded weare house & use in production for 10 year. at prasent the company have no business due to that company surrendr the STPI licence with authorty & all the goods are debounded from coustem,
in this situation please advice on below mention point
1. we can sale the debonded goods in open market.
2. if yes what the proceduer. if no.
3. how can dispose the goods.

Suppose if I am selling MS Pipes which is liable to excise duty.For that I had made a invoice and charged excise on the same. Now I am also showing Freight charges charged on the party after valuing the goods(incl.excise on the same). I want to know whether freight is liable to Service tax or Excise since I am showing it in the excise invoice. I have also my service tax regn. no. PRESENTATION :

Goods value xx
excise xx
____
total xx

freight xx
s.tax xx
_____
total invoice value xx

Is this a fair practise?

What is third party exports??

PLease explain in relation to garment busniess..

We are in manufacturing industry of automobiles, for us our suppliers manufactureing the tools to supply the inputs on boughtout basis. We will make the full payment on tools when the compeltion of tool process.
1) The tools are lying at vendor end.
2) Vendor have raised the excise invoice without moving the tool and we have made the payment based on the vendor invoice and also we availed the cenvat credit


What is the procedure to be adopted for the above issue?.

anybody have facing this kind of issue pl clarify.

Dear Sirs,

Which is opt document for taking CENVAT credit.

Is the duplicate for transporter copy(Invoice) is only document for CENVAT credit?

Can we take credit on the basis of any other copy? i.e. Original for Buyer