suppose I purchase goods for RS.50 lac and pay excise duty of RS.625000. Goods of value of RS.10 lac are still in my factory. then whether I can take CR. of RS.625000 or RS.500000. whether the answer will remain same I'm vat. Also tell me what is one to one correlation Plz reply plz reply .

Hi,
I saw a query answered here stating that we can add port as branch while applying for IE code. (Thank god I found it, or it would have taken time & effort to modification... info is scarce online, when it comes to IE code)
I can see add branch but how to fill all the address details for port...
Kindly help me in this regard

Hello,

Please help to understand the assessable value. in following 2 scenario.

1. Under 1.5cr Limit (Excise is not charged )
Material Value: 50000 (includes excise amount)
VAT: 2500
Total (502500)

2. Once 1.5Cr Limit is crossed
Material Value (40000) (Excise amount is not include)
Excise value (10000) (Excise amount, taken round figure )
VAT 2500
Total 502500.

When I will file the ruturn in both scenario what value I will fill in the assessable value part.

Is there any provision regarding 100℅ cenvat credit on Capital goods below 10000 per PC in the current year??

Dear Experts
A registered first stage dealer who registered a premises under excise wants to rent a new additional godown too. what formalities need to be done under Excise. Company is having IEC code too.

what is the validity of LUT ?

How assessable value is determined when sale is made to related person then further sale is made to related person and afterwards its sold to unrelated person. Where 110 of COP is not applicable. If possible explan with an example.

We are registered in excise as manufacturer we had purchase a non excisable goods in manufacturing division now we want to sales as it is that goods shall we paid duty on that or not any notification please provide

Sir,
We are a SSI unit registered with Excise since 2005 .Commenced new project in manufacturing of intermediate products.we have procured machinery in Nov14 for the same.The commercial production commenced in Nov'15.
Can we avail the cenvat credit in Jul'16 ?
As per Notification 21/2014 ce(nt),the time limit is applicable for Rule 4(1) and 4(7).These two rules talk about taking credit in respect of inputs and input services.
Rule 4 (2) talks about taking credit on capital goods. The above proviso prescribing time limit for taking credit is not inserted in rule 4(2). Therefore on capital goods the credit can be taken at any time but on the condition that the said capital goods should be received in the factory of manufacture.
Now the capital goods are received in the factory.
Kindly suggest that can we avail the input cenvat credit in Jul'16?

Thanks

Dear Expert,

After Online filing of ER-1 or ER-3 , can documents submited to excise department for acknowledgement,

if No ... So give me a notification regarding this case,

reply urgent

Regards