under what rule / sec/ circular/notificaation of central excise define the invoice made in monday but goods cleared on tuesday/wednesday.
what is the procedure if invoice is made by electronically and on invoice e- printed date and time of invoice made and removal of goods ?
How i can dealt with ?
what if, i can't remove the goods from factory on the same day, and if remove next day, what is the solution ?
My company is engaged in generation of electricity which is exempt from excise duty. However we are paying duty @ 5% on the purchase of coal. I would like to know that whether we can claim refund of duty paid on inputs i.e. coal which is used for generation of exempted goods/services i.e. electricity??
Answer nowHi Experts,
My Client is into manufacturing Activity and has obtained Central Excise Registration. Now due to lack of space for storing and selling the finished goods he wants to acquire additional place (Only for Storing and Selling)in the same locality.
Kindly advice whether separate registration under Central Excise Act has to be obtained or not.
In Case if he has to obtain separate registration what are the formalaties.
sir we have mostly received finished goods from our Unit within state and interstate unit, i want to know finished goods which is received from other unit come in RG-1 Register because at the time of sale the mention finished goods come in RG -1
Dear Sir
Let suppose there are a Buyer-A, a Contractor-B and a Manufacturer-C
Contractor-B get the contractor from Buyer-A of Rs.1500(suppose)
Contractor-B place a purchase order of Rs. 900(suppose)to Manufacturer-C as consignee Buyer-A
I want to ask what type of taxes, Contractor-B will liable to pay on his profit and margin of Rs.600 in case of sale in transit.
In the Previous Year the clearance from the SSI Unit was below Rs.400 Lakhs. In the Current Year Excise Duty has been paid from the 1st day of March i.e. without availing the exemption up to clearance value of Rs.150 Lakhs.
Questions :-
1. Whether the unit is still classifiable as SSI Unit under excise laws?
2. Is the unit eligible to pay duty and file returns quarterly as applicable to SSI Units?
Please clarify the above citing relevant notifications, rules and provisions under Central Excise.
One of my client wants to purchase the land, building, plant & machinery from private limited company in Poanta Sahib in Himachal Pradesh who is availing the excise exemption on the manufacturing of goods under notification no 49-50/2003 dt 10.06.2003.
The query is whether excise exemption is available to my client or not if my client purchase the land building and plant & machinery and starts production.
which of the finance act 2011 or 2010 is applicable for coming November 2011 attempt?
plz advise me
thanx in advance
We have to be supplied the consignment under Mega Project Policy called as Deemed Export.
But by mistake we have already supplied the consignment in the month of Feb-2011
However, at the time of dispatch supplier has not issues PAC.
Now supplier is asking for Declaration for claiming Deemed Export Drawback
Pl. gives your valuable opinion on the same.
What will be the liabilities of the dealer in terms of the amount of duty to be charged on purchases of vehicles from the manufacturer????
Answer now
Excise