Respected Sir,

We are mfg.er of pharmaceuticals product and clear the goods with paying excise duty to
a)Super-stockist

b)Consignment agent and

c) Depot- transfer at godown (Gujarat to Bhiwandi).

· We are receive Third Party Goods (not involved excise duty) without taking a credit and clear it without paying excise duty at above mentioned destinations.

· Also some third party purchase goods are receive at Bhiwandi Godown and distribute to at above mentioned destinations.

My queries are that,
1.0. Should financial details to be considered base on factory’s Profit and Loss Account only or whole company details to be considered?



2.0. Which value to be considered....for ER4

· Toatl value of inputs Including packing materials used for manufacturing on which CENVAT credit not availed?

· Value of raw material including packing material nad components consumed as per profit and loss account?

· Value and quantity of each major raw material consumed in manufacture of goods?

· Value and quantity of each major manufactured finished goods sold?

· Value of goods exported under bond?

· Value of inputs on which CENVAT credit has been availed and cleared as such...

Sir, i am confused about assessable vale or sale value or purchase value or cost values hence please guide me.

How is rebate benefit available as we pay duty on excise at the time of exportation and then Dr. Cenvate account for cr utilization

Dear experts,
if the client want to take registration in excise before the turn over 1.5 crore. can he take registration in excise or not if turnover is less then 1.5 crore,

thanks & regard
Paras singhal

Dear experts,
plz let me know when we need to file form ER-7 (annual capacity statement)


plz reply,

Helloo,
I need your help...
How to plan study for ipcc idt for nov 2015 exam. Which book to refer & how to start studying??? If any notes are available please provide those notes also..
Please guide me through this...

Dear sir kindly help me on procedure of excise tax applicable on goods . and what is the procedure of excise return with diffrent form submission

please give me solution.

Goods to be given free along with manufactured excisable product. Free gift purchased without excise. It is given as gift with manufactured product inside the same box. In the bill only manufactured product will be shown as gift is packed inside the main product. What will be the excise treatment while purchase and removal?

Dear experts,
we are registered in excise and we have paid excise on capital goods, plz let me know can we avail 100% cenvat credit on capital goods in this FY 2015-16,


thanx & regard
Tanvi solanki

Goods are imported by the trader worth Rs.1000 and CVD charged is 400.
On sale of goods dealer will pass on CVD credit to customer .

Now what will be the valid accounting entry

Inventory 1000
CVD credit 400
To vendor 1000
To duty payable 400

sale:

Customer 2000
To sales 1600
To duty transfer account (CVD)400

Can it be possible to include CVD duty in inventory cost and in revenue value.

Inventory 1400
to vendor 1000
To duty payable 400

Sales

Customer 2000
To revenue 2000

Second case is possible or not?

Sir We Are Newly Registered Manufacturing Company. We are not registered under Central Excise.
In Fy 2014-15 We Purchased Capital goods.
Whether We Can take Cenvat Credit Of Excise duty Paid On Purchase Of Capital Good In 2014-15.

We Will Get Registered Under Excise In This yera i.e. fy 2015-16