An SSI manufacturing unit purchased capital goods in March'09 and took 50% Cenvat credit in March itself.Thereafter, on 1st April,it opted for SSI exemption upto 150 lacs. Its likely to cross exemption limit of Rs 150 lacs in October'09. My question is, when should the unit take the balance 50% credit on Capital goods and how its to be shown in ER3. Naturally ofcourse, it can only be utilized when the unit starts paying normal duty.Pls reply soon.Thanks.

An SSI manufacturing unit is working under the exemption upto 150 lacs.Thereafter, it'll start paying normal duty on clearance. The unit is also registered under Service Tax and paying service tax on GTA for transportation of goods as the unit is a partnership firm. It has made two quarterly payments of service tax while it is running under exemption. Now, can it take the Cenvat credit of Service Tax so paid thru GAR7? If yes, whether it'll be taken after crossing the exemption limit, or on the date of payment itself? Pls do reply soon.Thanks.

Dear sir

Please tell what is excise reconciliation?
And what are ER 4,5,6,7 ?

Thanks

In the context of a Manufacturing Company.....


what are the accounting entries to be passed at various stages i,e passing excise provision, availing input credit etc.... also What does the role of PLA in between various entries ?

a) Sale made involving Excise
b) Purchases made invloving Excise
c) Imports made, used as input item in the
manufacture and payment of Custom duty
against Import
d) Capital Item purchased involving
Excise/custom
e) Sales/Export Return against any sale
transaction

03/10/2009
To All Members
My client is a leather bag manufacturer and exporter,is it necessary to get registration under central excise act?
Shomenath

Sir,

We have dispatched 40.00 Kgs Chemicals for Jobwork to Jobworker premises after processing it becomes 200.00 Kgs . Please let us know how to get back in our premises as we are a 100% EOU manufactured Herbal Bulk Drugs.

W/best regards,

Pramod
09897033605
E-mail-Pkpandey_78@yahoo.co.in

In the context of a Manufacturing Company.....


what are the accounting entries to be passed at various stages i,e passing excise provision, availing input credit etc.... also What does the role of PLA in between various entries ?

a) Sale made involving Excise
b) Purchases made invloving Excise
c) Imports made, used as input item in the
manufacture and payment of Custom duty
against Import
d) Capital Item purchased involving
Excise/custom
e) Sales/Export Return against any sale
transaction

We have a ply manufacturing unit in Uttaranchal, so we have given tax exemption for 10 years.

We have imported some material from japan for this unit and cleared the same after paying relevent Custom duties. And as we have tax exemption we can not take the CENVAT of the same.

And we have another unit in Banglore where no tax exemption is available. So if the Material imported by unit in Uttaranchal is transfered to Banglore unit then CAN BANGLORE UNIT AVAIL THE CENVAT OF IMPORT DUTY PAID BY UTTARANCHAL UNIT?

AND IF YES WHAT IS THE PROCEDURE FOR THE SAME?

Please explain me about all excise registers

send me a mail
fazle_sap_fi@yahoo.in

Thank you

Dear sir,
We are manufacturer of ayurvedic medicine in the capsul packaging. I want to know 01 CESTH code.
02 Documents requirement for C.E. Registration

A prompt response at your side will be highly appreciated.

Thanking you,
Yours truly,
Ketan Modi