we have purchase a capital goods in 2001
now we want to sell it or want to transfer it to our another plant

pls advice wht amount of duty we have to dabit
1 on the amount which come after depreciation

or

the duty amount which we credit at the time of the purchse of the capital good

pls advice

thanks & rgds

RK SAINI

I'm working as Senior Accountant working in a Company who machining Loco Wheel and Axcel which covered under chapter 84. We purchase tools like Screw, Tungstone which is fall under chapter 8209,8466. Now The Superintend of C.E. deny Cenvet Credit on Material. Pls suggest me whether We can avail Cenvet Credit on these Items.

Where any unit is producing excisable intermediate product all of which is being used (Captively Consumed) in manufacture of excisable finished goods within the same factory, what will be treatment of intermediate product for excise purpose? Will the assessee be required to maintain captive consumption invoices? Also tell if benefit of notification no. 67/95 will be available to assessee or not? If available then intermediate products are exempt then also will the assessee be required to issue invoices for material captively consumed(which is exempted as per notification)?

12.10.2009

To All Members

My client is a manufacturer of leather bag and present turnover is 98 lacs (95 lacs export sales and 3 lacs local sales) and it is an SSI Unit.
1)What is the limit amount to get registration under Central Excise in case of an SSI Unit?
2)Is the "Labour Charges Received" include in the turnover of Mfg.sales at the time to judge the limit for registration?
Example: Mfg export sales 1.45Crore+ Local Sales 4 lacs+ Labour Charge Recd Rs.10 Lacs=Total Rs 1.59Crore. Then will this SSI unit company will get registration under the C.Excise Act.

Shome Nath Pyne.

dear friends
under the excise act which are R-20 Goods and Notified goods.

thanks

Dear all

we want to sell our capital goods wht procedure we have to follow for calculating the value of the machinery and mould wht amount of duty we have to dabit on the selling of the capital goods
some of our machinery are on running condition and some of them are like scrap

pls advice for the value ,depreciation and duty purpose
Thanks & rgds

R K saini

We are one of the 100% manufacturing Company and maintaining manual registers & reports and accordingly submitting the report to concern government office. Now we are implementing SAP software systems from October-2009 which is acknowledge world wide. Can we submit the relevant reports i.e. ER-2, PLA, CENVAT, SERVICE Tax details, CST-Claim, QPR, APR made in SAP systems or through online. Please let us know the complete procedure of the same.

What is the excise duty on quantity? How it behaves? Please explain me by giving a practical example.

Thanks in advance.

Dear Sir,

If i Can't Subbmit My ER1 on Date of 10th of Next month.

Pls.guide me in that case.What Can i do.later date of 10 th for subbmition of ER 1 Return.

Pls.Guide me on priority.on patilvinodkumar@gmail.com

Thanks,

Vinod Patil.

The company has purchased the machinery under EPCG scheme in Baddi (Having excise exemption)during previous year. Since the company was likely not to complete the export obligation, the company paid the saved custom duty and excise duty on the said machinery.
Now the company decided to sale the said machinery to some other party registered under Excise.
Now my question is whether the company can pass on the excise credit paid on the said machinery to the buyer and can the buyer can availed the cenvat credit?
Its Urgent.
Provide judicial pronouncement backing your opinion.
Thanking You,
Mihir Gandhi