Dear all

we are the manufacturer and we export to american party but our material is rejected by the party (american) now what is the procedure about taxation.

1) when party return the material at that time the import invoice is is received
2) can we take credit on this invoice


Please

Tell me what should i do

Co issues supplementary invoices for which it is liable under sec 11AB.As per said sec interest will be payable till the date of payment of duty on supplementary invoice.

Company pays the duty on supplementary invoices within due date however postpones the liability of interest on the same, which it pays at the end of the year.

Is there any time limit within which such interest needs to be paid? Is there any implication such as penalty or confiscation for non payment of interest within time limit applicable if any?

Dear Sir,

Whether power generation liable for excise duty? If it is exempted, is it compulsory to get excise registration under central excise act? Please clarify my doubt.

Whether State Level Sales Tax applicable on power generated and sold to power grid?

Our company started construction of captive power plant, it is Thermal Power Plant.

Requesting you all please clarify my doubt with relevant notification or sec. numbers.

Thanking you,
Swamy K.

Dear friends

can anybody let me know what are all requirements ( such as approval from excise dept, forest dept etc.) of setting up of biri manufacturing company.

Dear Experts,
If a mfg. has final product exempt from Excise duty, then:
1) what is the traetment for its Excise inputs paid on purchase?

2) What is the traetment of Service Tax paid paid on input services paid?

3)Beside adjustment of Service tax with Excise duty, can the Service tax input can be adjusted with Service tax output, and the balance /excess input service tax remaining be treated as expenses and debited to P/L account seperately?

Thnx in advance.

sir iam a distributor for leading printing ink firm& for other raw materials for printing industry. i want 2 know abt ED. wat r the advantage of ed billing in our part.i can claim ed(as a seller).

panelty of non registration 10000 what is the matter
regards
raju

we have received bill from France, for installation charges of machine in india
pls suggest us for tds rate & we liable to pay service tax or not

Can we send consumable tools, consumable oil to job worker for machining purpose on 57f4? If yes is their any notification to this effect?
As the tools are consumable they will not received back with material. Then how can we clear the challan?

can we send as per Rule 16A.
and clarify me also AS per 16A we can sent input to job worker.and surely input in the same form would not be returned.
further AS per Rule 4(5) of CCR 2004,input must be returned within 180 days.otherwise credit taken will be reversed.
but how input will be returned as it would be consumed.

Thanks in advance

some capital goods purchased on 01-07-2007. The excise duty paid thereon was Rs. 200000.00
As per Rule 4(2) of CENVAT Credit Rules, 2004, CENVAT Credit on capital goods may be taken in the financial year in which capital goods received to the extent 50% of excise duty paid. The balance 50% can be taken in any of subsequent Financial Years in which goods are in possession.

> So, Rs. 100000.00 can be taken in the month of july-2007 (i.e. Financial year 2007-08)

> let these capital goods scrapped on 30-06-2010.

Q: in which Financial year and in which month, balance amoun of the CENVAT credit may be taken?