Dear Expert ,
If we are remove the Excisable goods and accident of that material in trasit withouth reach at customer end partly material damage in that condition what to do about duty charge?How to take reverse?
In previous year (2012-13) we have purchased imported machine from China under Zero EPCG Scheme.
We are going to sale-out the such machine now in domestic market.
As per lincence condition we have completed Export Obligation and applied for redemption.
In response to that we have received Licence Redemption Letter from DGFT, as well as Cancelled Bond from Customs which was executed in Customs while lincence registered at customs.
Considering to the above facts please guide us about that Central Excise Duty should be applicable against the said transaction or not.
Dear Sir
I am working in a company, manufacturer of Dairy and food processing capital plant on turnkey basis and single equipments/ machinery as per requirement under heading 8434
i was gone through above mentioned exemption of excise where 8434 is fully exempted without any condition.
may I deserve your explanation on captioned subject
I'M FIRST TIME REGISTERED IN CENTRAL EXCISE. BUT DURING THE YEAR NO ANY PRODUCTION ACTIVITY WAS MADE. SO IT IS COMPULSORY FOR FILING RETURN DURING THE YEAR. PLZ HELP ME
Answer nowCan anyone tell me that
1. if first stage dealer purchase goods from the local manufacturer & sells the same to local ustomer, then how to take credit?
2. What will be the procedure of refund if the same is exported?
Sir,
we are importing inout material & pay basic Custum duty at 2.5%, Basic Excise duty 12% & Coustom Edu Cess 2% , Custom sec & Highwe ddu duty 1% & 4% Add. excise
We are taking credit for basic & add Excise duty
My qusetion is can we utilized credit against Custom Edu cess 2% & Sec. Hig.edu Cess 1% while paying Excise duty ?
I am a 100% subsidiary of American company, am I eligible for SSI Exemption of 150 Lakhs. My turnover for previous year is 70 lakhs.
Answer nowIf any manufacturing co (sheet metal components) pay service tax on vastu services .will the company be capable of taking service tax input credit.
FOLLOWING ARE THE DETAILS OF PUR. MADE BY A MANUFACTURING UNIT..
PLEASE.TELL ME. HOW MUCH CREDIT CAN BE AVAILED i.e. HOW MUCH DUTY CAN BE PASSED..
ASSESSABLE VALUE = 177067
CUSTOM DUTY@ 7.5% OF 177067 = 13280.03
ADD. DUTY@12%OF (177067+13280.03) = 22841.64
EDU CESS@2% OF (13280.03+22841.64) = 722.43
SHE CESS@ 1% OF (13280.03+22841.64) = 361.22
ADDL DUTY 19/2006 @4% OF(177067+13280.03+22841.64+722.43+361.22)= 8570.91
company had purchased mother machines under EPCG licence 3 years back. now company wanted to sell out that machines. To sell the machines first we have to pay the custom duty so on that basis can we take the credit of the same and the same credit can be passed on to customer (purchaser)?
Secondly we have purchased some imported machines for production and we have already paid the custom & CVD and the same has been utilised earlier (we have already used the machines for last 3 years )so that duty also can we can pass on to the customer(Purchaser)&
Vehicle accident in transit (duty reversal)