When goods are supplied to manufacturer of non-conventional energy devices under notfn.6/2006 (sl.No.84), we need to reverse 5% of the transaction value as cenvat reversal. As per new amendment to rule 6(3) of cenvat credit rules, can we charge that 5% in the invoice to the customer with a condition that he should not take that as credit.

We have two companies one in Powai and another in Mahape, Navi Mumbai and both units are having different assessee code. As per order given by dept we need to pay custom duty. However while making the payment instead of making the payment from Mahape unit assessee code the payment is being made from Powai assessee code. Now dept does not accept the payment made on Powai assessee code. Is there any provision to get refund of duty paid on Powai assessee code or transferig the amount from Powai assessee code to Mahape assessee code. Plese suggest.

Please clarify,
Amount of Cenvat credit eligible in case the supplier EOU clears / assess goods without availing exemption under S.No. (2) of Notification No. 23/2003-CE.

(PS. Rule 3(7) of CCR,2004 prescribes admissible Cenvat credit in respect of goods cleared under S.No. (2) of Notification No. 23/2003-CE. only )

thanks & regards,

vijaya kumar

Please clarify,
Amount of Cenvat credit eligible in case the supplier EOU clears / assess goods without availing exemption under S.No. (2) of Notification No. 23/2003-CE.

(PS. Rule 3(7) of CCR,2004 prescribes admissible Cenvat credit in respect of goods cleared under S.No. (2) of Notification No. 23/2003-CE. only )

thanks & regards,

vijaya kumar

What is the due date for filing Excise Return? What is the rate or amount of Panelty/Interest if the return not filed in time limit???

Dear Sir,
We are mfrs of branded & also Non-Branded Jewellery in gujarat. From 1.3.11, 2% excise duty has been imposed on mfg of branded jewellery. For this, pl. clarify following :
(1) Provide me notification no for imposing excise duty on branded jewellery.
As per them, what is called "Mfg of Branded Jewellery" ? If we manufacture branded jewellery for other customer (with our material), then can we come under excise ? OR if we do labour job (with party's material-gold only)for branded jewellery, then also do we come under excise ? pl. elaborate the implications .
(2) Do we have to make two parts of our mfg area, i.e., one part for non-branded jewellery mfg & another for branded jewellery mfg ?
(3) Can we avail central excise exemption limit ? if yes, under what notification ? and upto how much amount and upto what period ?
(4) If we can avail exemption, then also do we have to register ourself with excise authorities, now ?
thxs in advance.
anckoora

Dear Experts

Pls send Annexture 2 for jobwok in PDF, Word Or in Excel Format.

Thanks in Advance

Dear All,

My Company having in cenvat balance in crores in every month. The comany sale only Domestic.

my question is How to utilize the available balance (It should be increase in every month)

1)My company No Export so no rebate
2)No 100% EOU/SEZ Sale
3)100% Sale only Domestic Purpose


Regards
Yogesh
9765402179

Dear Sir/Madam


I am doing audit of a manufacturing company my query is that this company is purchasing rowmaterial on which suplier is not charging excise he is only charging CST,but the comapny is taking excise as well CST credit on this goods


I want to know whether it is correct or not?

Is there any provision that comapny can take excise credit only if suplier is charging excise on the invocie /

XYZ ltd,Lucknow purchased plastic granules valued at 116000(inclusive of taxes) for manu. plastic chairs.It availed Cenvat credit of 16000rs paid on the said input.

How do we treat the following:

Clearance to XYZ ltd's own factory at Jaipur(purchase price:70000) :Free of Cost

a)IS cenvat credit required to be reversed?Why and how much?

b)Had the clearance been of 84000rs;would ur answer been different?

Quote answers with section/rule and their details as well as Court decisions as applicable.