Dear All,
Is it possible to take 100 % cenvat credit of Capital goods on Branch Transfer?
Dear sir
Two units, one located opposite to each other. Unit 1 is a Partnership firm registered under central excise while unit 2 is a non excisable proprietary concern which is currently a job worker for unit 1 ,doing an intermediate process for unit 1. We wants a single registration for both of them in terms of excise notification 36/2001-C.E (N.T. ) dated 26-06-2001.
Dear Experts
we are manufacturing Dutiable and non-dutiable goods (Exempted) in our manufacturing plant in chennai and both the goods are manufacturing in the same premises with separate storage locations,
we are availing input credit for dutiable goods only.
we are receiving the (ISD credit and Plant Specific credit) Input credit of service tax from ISD (from HO) accordingly we are utilizing for payment of Excise Duty every month.
'' we are reversing the proportionate turnover (non-exempted and exempted) basis for ISD credit and specific credit which we are availing every month''
My doubt is:
As per new notification issued by central excise 13/2016-central Excise (N.T).Dated-01.03.2016
My understating is
the above reversal is not required because we are not availing input credit for exempted goods only availing non-exempted goods and availing input service tax (ISD and specific credit) received from ISD (HO mumbai).
Kindly clarify the new notification no.13/2016-C.E (N.T) Dated 01.March,2016.
As trader can do registration with excise and can charge excise duty and set off of inputs
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Answer nowDear Sir,
My Query regarding Dealer/Importer return
I am an importer and had imported goods in 1st Quarter.
For E.g. I have imported Product A Qty 100 Units Total CVD paid Rs. 1000/-, Product B Qty 100 units Total CVD paid Rs. 1000/-
I have sold 10 units of Product A & B in Quarter 1, I have sold 10 units of Product A & B in Quarter 2 so I have issued Cenvat Credit of Rs. 100 for product A & B in Quarter 1 & 2.
Now please tell me What should be the Quantity and Amount of Duty Involved in Sheet where it says Documents on which credit is passed on for Quarter 2.
a) whether it should be 100 Units in Quantity Column and Rs. 1000 in Amount of Duty Involved Column
b) whether it should be (100-10 sold in Qtr 1) 90 units in quanity Column and Rs. 900 in Amount of duty involved column.
c) whether it should be 10 unites in QTY Column and Rs. 100 in Amount of Duty Involved
Sir,
An EOU automobile manufacturer wish to enter in job work business in DTA.. what the legal procedures required with Excise department ?
If not permitted to EOU, what will be the penalty if job work done by the EOU ?
Cenvat credit taken or not in Ink cartage Kindly reply me for claim cenvat credit
Answer now
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Cenvat credit of capital goods