Hi to all

one of my client dealing in printing business of corrugated boxes, for the last few year he print plain corrugated boxes now he print the name also the their client, and now i heard an amendment that on the printing names and any matter on the corrugated boxes is under the excise net. on the plain corrugated boxes there is no excise and also SSI exemption is also available on the First 1.5 crore turnover. please clerifty that whether the assessee is liable to pay the excise on the printed corrugated boxes with starting the turnover or he can get the exemption of SSI upto rs. 1.5 crore.

from 1st april, 2008, cst rate will be 2%or 3%.

if i sale inter state goods, so what cst rate will be applicable on 01.04.2008?

Hi,
I want to know that if i have Cenvat credit in books in respect of Service Tax(12%) and Excise duty(16%) but there in no balance in EDU cess a/c (2%+1%) as credit.

now if i have Educatiuon Cess liability on sale/services, can i set off this with my above credit(Service Tax/Excise duty)

In case of 100%EOU if they are selling material in DTA, they have to pay costom duty(BCD) on such sale, can they set off this with their Cenvat credit?

pl reply

Dear all
This time our company (proprietorship firm & SSI unit) made turnover of Rs.148 lakhs in this 30 Lakhs Items are With Material Sales & remaining is the Labor Job work (party send their material and we return back the same after machining).

I wants to take excise registration looking to 2008-09 year business
confirmation from our customers. And we wants to apply for registration during Apr'08.

Now I have certain material which is remain with us and is going to dispatch in Apr.'08 after inspection of the material. This material I will sold to cusotmer with charging tax.

Now my question is if I got excise registration during May'08. then what
about the material which I sold before excise registration, weather I have to collect Excise amount from those customers OR excise will applicable after the date of Registration Certificate.

Regards

Tarun T Patel

If a manufacturing co sells goods
does other Buyer need to deduct TDS includiong Excise duty and Other Taxes ?
I mean IN service Industry we Deduct TDS including service tax so do we need to deduct TDS Same Way ?

An SSI unit wants not to avail full exemption upto Rs 150 lakhs under Notification no. 8/2003 and instead pay normal rate of duty with Cenvat credit benefit.

Is it required to excercise its option or is this provision now redundant? Pls advise.Thanks.

hello
WISH ALL OF U A VERY VERY
HAPPY HOLI

A Public ltd company is putting up a plant to manufacturing News print and writing printing paper.
The company has started the construction of building & installation of machinery for the purpose from may 2007.
The building has been constructed and the installation of the Machinery is likely to be completed by June/July 2008 only.
The company has availed Cenvat on the stenth of the Invoices of the Machinery purchased.

Query
can we avail 100% cenvat on machinery installing during 2007-08 for clearence of our production during 2008-09 or we can take benfit of 50% in 2008-09 and balance in the remaining period

We would also request to clarify of our entiltlment to avail cenvat credit during 2008-09 to the extent 50% or 100%

THANKS

HELLO

FACTS OF THE CASE-
A Public Ltd.co is putting up a plant to manfucaturing news paper & writing printing paper. COMPANY. has purchased a Boiler, the boiler supplier has raised bills for different components of the boiler. The co. on the advice of the boiler supplier has written a letter to the asst.Commissioner of Central Excise of his division informing him that an order has been placed for Disgn,engineering ,manufacture , supply erecation of boiler and aurcallaries at the above site
It is also informed to the Dept. that same manufacturing activity will be carried out by the Boiler Supplier at our Project site with regard to the Fabrication of the boiler componentsparts for installation of boiler . It was also informed to the Dept. that all Centeral excise formalaties and liability for the duty, if any shall rest out by boiler supplier.

The Dept. replied above letter by informing us that we shall be responsible to discharge total liability in regard to duty payable if any on on any Excisable Goods bieng manufactured in our prremises as the registration has been out by us of our premises.

subsuquently the errication of the boiler was done by the co. by its own engaged worker.

QUERY- wheather is there any Central Excise liability for Company in respect of the fabrication of the Boiler.

we would requested to provide ans with any case law / notification /circulars
on the subject.

Thanks

Dear sir,
pl.opine whether material supplied to EOU from trading unit on trading invoice shall attract excise duty or not.
pl. do substantiate your opinion if possible.
its urgent!!!!!!

I would like to clear some doubts about advance license obligation and its fulfillment.

1) Advance license obligation belongs to Unit (Where the raw material being imported) or whole company ?
2) How much is time limit to complete the obligation ?
3) Is the following case possible?

We import the raw material under advance license scheme at Unit at Gujarat and fulfill the obligation by export from Unit at Maharastra... Please note we donot trasnfer the raw material to Gujarat to Maharastra.

Please advice.