We manufacture an electrical product which falls under MRP based valuation. For contract manufacturing for a BRAND, we pay excise duty based on Brand's MRP.

Some brand now advises us that we can print the brand and mark ISI but dont pack it, but despatch it as a wholesale pack. They would pack it and release it in their dealer market after paying MRP based excise. I.e. we are sending unpacked branded good ISI marked.

AND they want us to bill it and charge excise at transaction value and not on MRP-abatement.They would take the CENVAT, pack it and charge excise based on their MRP. They wish to show MANUFACTURING at their for some purpose.

The question is CAN WE charge excise from them at transaction value?? if we are selling brand printed but in unpacked condition in wholesale packing(so unsuitable for direct retailing and hence would not attract MRP based valuation acc. to Weights and Measures Sec 4). i understand there is reference case - VISHVAM supplying to CANON industries, Ernakulum.

Thanks for your cooperation and advice.

We are a Small Scale Manufacturing unit.Our sales for last three years are 120L,162L and 175L.We use red mud in 25% of our products. The qty. of red mud used is around 33% by weight of the product weight.This qualifies us for the exemptions under 03/2005.
Our annual sales figure remain below 150L limit after deducting 25% products made and sold by using red mud,where duty rate is nil.
As we remain below 150L(100L for 06-07) we have not registered with excise.
Do we have to file any returns/declarations etc with the excise department?
We maintain all records of red mud purchased and brought to factory and its consumpation details.
Please advise.

If an SSI unit fails to intimate Excise Department after crossing Rs. 90 lacs sale and the total sale in the year is below excisable limit,is there any penalty imposed?

Dear experts,

Could you please explain what are Tariff headings/sub-headings and what is included under these headings??

My query is concerning to the topic of 'can the test of change in tariff headings/sub-headings be adopted for identifying whether a process amounts to manufacture'

Please help out.

Thanks

Hello

I am going to be appear in C.A. Final in Nov.'09.

Kindly confirm that it will be enough the following prepration for Direct Taxes.

1. Institiutes Study Material
2. Dinesh Maidan's Notes
3. Ajay Jain's Nots
Thanks

S.K. Nagpal
Punjab

Please help me! - I have working in partnership firm, our unit manufacture automobile parts, and we have purchase consumable mtrl. Can I take cenvat credit of additional duty? If yes, where are use those credit ? because, our supplier purchase material from importer & we does sales in local market.

Dear Sir,

I Want to know that if a Company import some material from foreign, like part of cable assessories, and he change the packing of material & assemble the parts and sell as a kit of cable assessories, then it is in manufacturing process or not.
kindly give the difference between manufacturing unit and the trading unit.

Hello

Earlier a 100% export unit claiming 100% deduction of Income tax u/s 80(IC)but the time period is now over. Now this unit wants to be covered under 100% EOU.

Please explain the procedure for such and the conditions to be followed to become an EOU

Hello Sir/ Madam

can anyone tell me from where i can get my icwai books. and what kind of books i should read for my icwai inter study. please tell me the name of those.

First group Books name is ..

Financial Accounting
Direct tax with Case Laws
Industrial Law and Auditing


regards
yogesh

Hi

i wanted to ask does micronization activity is included in manufacturing process, as being one of the part of manufacturing... i read many defination on manufauturing but it doesnot provide with detail description so, if u can help me out will be very thank ful

Rgds
Shah