what is the difference between excise duty and sales tax? please elaborate. how we pay excise duty and when we pay and to whom we pay.
Dear Sirs,
We are under construction of a new excisable manufacturing unit( Cement plant). During construction period we are using TOR Steel for RCC work
And using STEEL PLATES, ANGLE, CHANNEL, BEAMS etc for factory shed & for fitting up of cement machinery.
Can we availed CENVAT benefit on TOR STEEL, STEEL PLATES, ANGELS, CHANNELS etc and I got a reaply from your expert i.e. Excise Paid on all above items are of Capital nature becoz used for capital Asset, you are able to take CENVATE Creidit on above in 2 instalment
i-e 50% in current year and remaining in next year
sir my quarry is that
1) The above steel item (major item) come under tarrief heading 72 and we utilised it for making factory shed for storage of raw material.
2)few above item we utilised for installation of machine & come under tarrief heading 72
So how i shall take the excise benifit because part of invoice is used for shed & part for other.
kindly give me case laws referance or any act or rule explanation.
Thanks for early reaply & pls. provide me the further information with reference.
Thanks & regards,
Sudip
what is the meaning of question of law and memorandum of appeal can i get example or specimen from somewhere
Dear Sirs,
We are under construction of a new excisable manufacturing unit( Cement plant). During construction period we are using TOR Steel for RCC work
And using STEEL PLATES, ANGLE, CHANNEL, BEAMS etc for factory shed & for fitting up of cement machinery.
Can we availed CENVAT benefit on TOR STEEL, STEEL PLATES, ANGELS, CHANNELS etc
Please provide me case reference etc.
Please take the matter very very urgent.
Regards,
Sudip
Hi All,
Can anyone help me about details below:-
Suppose I have received 10pcs exisable goods with Excise Invoice. And then as QC dept rejected 2pcs of that were retrned back. Question is proporsonet excise duty will charge or full amount of duty reverse to party? Please help me at koushik_159753@yahoo.com
With thanks
Koushik
Dear sirs
As per law manufacturer can availed additional(On import and received from traders) duty as a cenvat and can use it for the payment of goods clarance.I want to know how can I show in cenvat register and ER1?.I have to maintain seprate colum for add.duty in cenvat register?If yes can I use it as a basic duty?How can I show it in ER1? OR Can I add it in basic colum and can use it as basic amt.How can I show it in ER1
Please help me for correct procedure.
Thanks
Sandeep
Sirs,
I would like to know about excise duty. The present threshold limit of excise duty for SSI units is Rs.1.5 crores. When a firm crosses the limit, should they pay excise duty only for the amount crossed the limit or whole?
Regards,
Moideen Kutty
Can anybody tell me that what is the difference among ER-1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting.
my Email:verma_moti@yahoo.co.in
"THANKS IN ADVANCE"
Dear Sir,
This is Vinod KUmar, I want to know that we wish to continue our excise invoice serial numbers to be continue as our software controlls from russia.
Please tell me if this is possible and under which notification.
Can A Manufacturer of Yarn (Cotton/Fiber) take CENVAT Credit on Service Tax Paid on Mobile/ Landline bills?
My another question is that-
1) if Company is paying the mobile bills of employees (Connection are in the name of Employees)
2) If Company is paying the mobile bills of employees (Connection are in the name of Company)
-Then what are the provisions?
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