Hi all,
i want to know that what treatment should in Excise record of Debit/Credit Note.
eg. i have billed to party with excess amount and invoice contaning Excise duty and sale tax as well, later on i realized that it was excess billed, hence i raised a credit note to party as a result now my excise duty become lesser than earlier billed amount.
now i want to know can i take cenvat credit or reduce my excise expenses in excise records on basis of this credit note? if yes kindly let me know under which provision?
Please help ASAP.

Dear Sir,

One of our customer is electricity board Meerut ( C ) ,and one of its store division is Moradabad (M) , under this division three store centers are their Moradabad, Bijnor & Buladsahar ,Store division (M) will issue road permits for its store centers i.e issue by store division Moradabad (mentioned on road permit with tin no.)



Now we are invoicing like (as per dispatch instruction given by customer)

Excise Invoice in name of store division Moradabad (M) i.e.consignee with tin no. of (M) in excise invoice.

Delivery challan/commercial invoice: sold to electricity board Meerut ( C ) and ship to address mentioned in delivery challan /Invoice are three sotre centers Moradabad , bijnor & bulansahar (separately) where actual delivery of material has to be done.



Is this correct transaction?

Sir/Madam,

does "Pre-cast concrete wall/floor panel" come under the term 'goods' as per the laws of the Central Excise Act, 1944?

these precast panels are then used to build a residential house by the real estate developer.

i have a doubt regarding its marketability as per the provisions of the central excise act.

if it is marketable then it will be excisable. so i want to know whether it is marketable as per the requirement of the act.

kindly reply asap

thanks & regards

gargi.

Dear Sir,

I want to ask that a party to whom we are selling the seat belt is giving a rejection bill on which that party is not charging the CST amount only excise duty is add into the basic amount on that rejection bill.Should we debited the cst amount on that rejection bill in case when party is not taking the cst amount on that rejection bill

Plese help me.

Thanks & Regards

vandana

hello sir i want to know that what is the rate of excise duty currently. are rate of excise different for all manufacturers or there is any general rate of excise duty & also what is the criteria of applicability of excise duty

Dear all/Res.

In Budget,2009 following explanation is inserted in Cenvat Credit Rule, but no credit on cement, steel, angle etc. for construction of factory building, foundation of Plant and machinery and supporting structure of Capital Goods.

But before budget, 2009 we all was taking credit on supporting structure of Capital Goods.

In my opinion, we can avail Cenvat Credit on Supporting Structure of Capital Goods which were purchased before budget,2009.

Am i right
I am looking forward for your valuable advice.

With Regards

Pankaj Naidu
pankaj.naidu@adityabirla.com

is it mandatry to submitt the revenue figure to the excise department

is there any penalty or fine for nonsubmitting the revenue figure to the excise department

we want to transfer a compresser from our haridwar plat (which is duty exempted area)sidcul uttrakhand to our faridabad (harayana plant)

pls advise what procedure we have to follow

pls advise

Thanks & rgds

sir,

I am S Natarajan working as sr manager accounts in Electromags (A division of EAPL) at cehnnai

one of my buyer is at mepz zone at chennai. I am supplying my items to them

I am invoicing them in their local address at chennai in foregin currency.

I am also getting my payment in foreign currency only from abrod.

will u please give me the notification under which supplies made like this is eligible for excise rebate?

pls give me the notification no & date


Thanking you
with regards

S Natarajan
my email id natleoin1962@yahoo.com

Dear all,
As per Budget,2009 some amendments has been made in Cenvat Credit Rule,2004 one of that is:
In Rule 2 Clause (k) in Explanation 2, after the words “factory of the manufacturer”, the following shall be
inserted, namely:-
“but shall not include cement, angles, channels, Centrally Twisted Deform bar(CTD) or
Thermo Mechanically Treated bar(TMT) and other items used for construction of factory
shed, building or laying of foundation or making of structures for support of capital
goods”.

My Question is can I avail Cenvat Credit on Structural Steel for support of Capital Goods, purchased before 07/07/2009.

I am looking forward for your fast reply.

With Regards

Pankaj Naidu
pankaj.naidu@adityabirla.com