WE HAVE PLANT AT UTTRANCHAL AND WE HAVE TAKE REG NO WITH FACILITY OF EXCISE HOLIDAY FOR SALES WE ARE NOT CHARGING EXCISE DUTY FOR 10 YEARS

NOW OUR QUERY IS HOW CAN WE TAKE CENVAT OF INPUTS CAPITAL GOODS AND INPUT SERVICES AT UTTRANCHAL PLANT ????

PLS REPLY ASAP

KEYUR VORA

Dear All,

Under which tarriff head the above work comes?

means central excise tarriff head?

WE ARE IN THE BUSINESS OF MANUFACTURING MODULAR FURNITURE AND MY QUESRY IS WHETHER WE CAN REMOVE THE COMPONENTS BY PAYING ED ON A DELIVERY CHALLAN AS WE NEED TO MAKE A SUMMARY INVOICE WHEN ENTIRE SUPPLY IS COMPLETED. THE MODULAR WORKSTATIONS ARE TRANSPORTED IN UNASSEMBLED FORM WHEREIN COMPONENTS ARE TRANSPORTED IN THE ORDER OF THEIR FITMENT.
NOW WE ARE INVOICING EVERY COMPONENT BEFORE WE TAKE IT OUT OF THE BSR AND AS SUCH WE ARE UNABLE TO ISSUE THE SUMMARY INVOICE AS REQUIRED BY THE CLIENT.

PLEASE CLARIFY WHETHER WE CAN REMOVE THE COMPONENTS FROM BSR ON DCS AND THEN WHEN THE DELIVERIES ARE OVER WE MAKE A SUMMARY TAX INVOICE AND SUBMIT TO THE CLIENT.

on which concerns or industries is excise duty mandatory? Is there any criteria for the concerns which can take excise credit?

A Company is an exporter. It has availed Advance Licence incentives as the benifit for export.
Now one of its import consignment (say valuing Rs. 20 lakhs) after clearing the custom department of mumbai on its way to nasik was destroyed. It was insured by the seller at 110% of FOB. As the goods have already cleared the customs there was an entry in the advance licence. So, no duty is paid. We have sold the scrap in the market for Rs. 2 lakhs and we get Rs. 21 lakhs as final settlement after adjustment of Scrap sale. The excess is due to the 10% margin in insurance and some exchange fluctuation.
Now, my question is whether there is any excise liabilty arising to the party as the goods that are destroyed have earned us some money... Actuallly its a case of import thats the reason for my confusion.
If it would have been local sale then the CENVAT CREDIT claimed by us would have to be reversed but it is a case of import where CVD is exempt under ADVANCE LICENCE so no case of Credit taken but we have recovered some addition money from the insurance and does that 10 % is for safeguarding the custom factor??????

Hello,

Plz explain with supporting notification number or case law,what is the time gap between invoice & actual removal...Plz keep in mind that excisable invoice reflect the time of rasing the same...

Is the excise paid during the year is shown as expense in p&l a/c. for eg.


Excise output= 30000


input= 40000

Closing Balance = 10000


what is the account tretment of above?

We have purchased some Excisable material on 05.05.2008, also we have taken all the benefit as per Excise Act.. Now we have decided on 31.01.2009 to return the material to supplier as it is. So by which way should we return the material to supplier so that he can take a benefit of Excise?

Plz guide us how should we go ahead?

we are exporting goods to Nepal through Haridwar Unit (which is excise exempted unit).Party has demanded Nepal Invoice i.e;DRP Invoice. Rules regarding DRP invoice says,"PAY EXCISE DUTY THEN EXPORT THROUGH DRP INVOICE & THEN TAKE REFUND OF DUTY PAID" But in our Case we are even not liable to pay Duty. Will Excise department issue DRP Invoice in this Case. Can anyone help on this Issue please ??????

What is the procedure for filing the declaration by SSI unit after crossing 90lacs turnover?In which proforma it is to be submitted? Do we stop further sales after crossing 90lacs until the declaration is filed,or we can continue with our sales even in the meantime (i.e. before filing the declaration)?
Pls reply urgently.Thanks