Soumyen Sarkar
15 April 2010 at 21:34

Credit on Capital Good

If a factory brings in some capital goods but does not take cenvat credit in the year of its procurement, can the factory take 100% credit in the next year?

Illustration :

Procurement of Capital Goods - April 2008-09

No Credit taken in 2008 - 09 0r 2009 - 10

Can the factory take 100% credit in 2010 -11 in one entry in the credit register?
or, what should be the manner of taking credit in this case? Please cite Rules and notifications.

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Anonymous
09 April 2010 at 14:05

PLA/CURRENT ACCOUNT

I WANT OPERATING SYSTEM OF PLA.
PLZ HELP ME.

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Anonymous
24 March 2010 at 11:37

Removal of Input as Such

We have purchase Raw Material almost 18 months before on which we have not taken the Cenvat Credit but we have taken the VAT credit under Gujrat VAT and in second transaction we have purchase the material before 3 months and we have taken the Cenvat Credit and No CST Credit has been taken, now we are removing both the Raw Material "AS SUCH" to supplier, My Question is that What type of Documents we are suppose to prepare under Excise and VAT, Its necessary to prepare Invoice under Rule 11 for both the tranasaction and whats are the treatment of the VAT, Please advice me with relevant Sevtion, Rule and Notiifcation under Excise and VAT

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CA Ysil Karunai
14 March 2010 at 13:34

Excisable

A food Restaurant receives a show cause notice from CE department. The issue was, the Restaurant preparing foods and selling those foods to customers who are coming and had foods and in parcel also, the notice stating that the foods are manufactured by the restaurant, since ultimately foods are completely distinct from a product which was originally input. [e.g., Dosa which are completely different from Rice(Raw material), Floor (WIP), Dosa (Finished goods)].
Advice:
1. Whether the issue of show cause notice is valid on the above issue?
2. would your answer will be different, the foods are sell to customers in parcel with a brand name of the restaurant?

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ramesh

1) If a new unit is set up in HP/uttrakhand which is exempeted from excise duty under Notification no. 50/2003 whether such unit is required to take registration under excise or not ?
2) Whether any certificate is being issued by the excise deptt. to confirm that such unit is exempt from excise duty under said notification.

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Gundurao
20 February 2010 at 09:15

Applicability of Excise on Solar Light

Dear CA Friends

Please do clarify the following, its very important and We need it asap.
One of our client manufactures LED Lights (Street Lights,Office Lights etc) which runs both on AC & DC, I am no doubt AC Lights come under Excise, but in DC lights there are Three types:
1) The DC Light is sold as it is, which can be connected to a battery or AC to DC Convertor or even a external Charge control can be fitted to use solar PV Module to Make it a Solar Lighting System, as it is sold as it is, I am of the opinion that it would attract excise.
2) Secondly DC Lights are fitted with Inhouse charge controller which is manufactured by the company itself and is sold with panel PV, which is procured from PV Manufacturer. Whether this attracts excise?
3) Thirdly, DC Lights are fitted with inhouse Charge Controller which is manufactured by the company and is sold without PV Panel.
I want to know whether the applicability of notification no 6/2006 is applicable for the second and third type. Especialy in third type as it would not be a non conventional energy generating system.
Please do clarify the above asap

regards

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meharban
17 February 2010 at 11:04

CENVET Component Under Trader

Dear Sir/Madam,

Can you pl. help to advice under which rules we can pass on the addtional duty of customs (CVD) + Special additional duty.

Thanks,
Meharban Rawat

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varun gupta
05 February 2010 at 12:30

Cenvat

A company has two branches situated at two different places.Only one of them is registered under Excise Act. Now, the company has imported some Raw Material for this Exciseable branch whereas Invoice has been addressed to Unit which is not registered under Excise Act and Bill of Entry has also been made in address of Non-Excisale Unit. How can its Excisable Unit take Cenvat Credit of Duty paid as Bill of entry does not bear its address while Raw Material is to be used at Excisable Unit?

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Anonymous
20 January 2010 at 10:51

DISPLAY OF EXHIBITION

Dear sir,

1)we are Registed with Central Excise.
2)we are Participating in Exhibition at Bombai.
3)The display machinery was removed with Excise Invoice.
4)is has passed Mumbai Octroi Checkpost with R Form.
5)Now one customer wants a particular Machine for purchase, from the exhibition site.
Please Clarify.

1) Is it possible to send machine with out Bringing back to our unit at bangalore.
2)Central Excise Formality to be Followed.
3) How Can Be complete with R Form Closing at Mumbai check post.

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parimal

we would like to start production of Agro Shade Net
registered under Khadi Board.
The said good (Agro Shade Net) is a genuine product of village industry.
HSN Code (3926.90.99) confirmed by the commissioner of commercial taxs,Thiruvananthapuram

Q.1 Is there any exemption in EXCISE/VAT/CST for the said goods?

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