Sir,

Plz let me know whether we can take cenvat credit on 2% CVD paid on imports of South African Coal. We are Sponge Iron mfg. industry.

we have a factory which is manufacturing chemicals at Narol(ahmd) and we have a godown at other place Paldi(ahmedabad)

we have Excise number of Manufacturing only

we have same Vat No for both Narol factory and Godown pladi.

we want to transfer finished product from factory to godown. but had not taken permission of for registration of godown from commissioner as it is too much costly and we cant bear that expenses as we had newly started business.

now the issue is to how to transfer the finished product , how to comply exicse procedure and how to make entry in books of accounts. we are using Tally ERP9. and only one company is created for both factory and godown as the owner is the same person for both places.

kindly help me out.
regards

Dear Experts,

This is regarding Capital Goods credit, rule says that 50% credit to be taken in current financial year and remaining 50% to be taken next financial year.

By mistake if we missed out to take 50% credit of last year bill (i.e) 2013-14,
Can we eligible to take 100% credit in this year 2014-15. or same rule we have to follow (i.e) missed out 50% in 2014-15 and remaining 50% in 2015-16.

Pls. advice.

We purchase import machinery on dec 2013 and paid customs duty including CVD and Addl.Duty-(Imports).

There is a provision for avail credit of Addl.duty. (recently i found that)

But we take cenvat credit only CVD value. My doubt is can we take cenvat credit of Addl.duty?. Is there any time limit for that?

Kindly help me in this regard.

Its very urgent.

Regards
M.RamKumar

Dear Sir,

We paid the Excise Duty Amount for the month of Oct'12 in 06.12.2012 (i.e delay of 31 days from due date). Like this we paid the default payment continues from Oct'12 to Mar'13 (delay of 31 days) . But We have not paid the Interest along with duty payment.

after that we paid the Interest amount in 04/12/13 from the period of Oct'12 to Mar'13.

For this Case the Excise Audit Supt raised the para for to pay the duty consignment wise from oct'12 to Mar'13 along with interest.

Any one suggest for this case. Is any previous case laws available for this. give me the suggestion.

Dear Sir
my query as follows
We have purchase the mtrl from dealer from Karnataka . and we avail the cenvat credit on same. But said material we want to sale out to other company what is the Excise law for this transaction.


Regards
Kanade Vijay
8412011550

Dear Gurus , we are a growing trading company for engineering items . We represent manufacturers who sells to us with excise paid invoice . Our query as follows :- 1. Can we as dealer pass on that excise to the final consumers ? 2. Is there any risk of knowing our purchase price by end consumer . Many thanks .

Dear All,

We have two manufacturing units within West Bengal. Both the units are registered with Central Excise. Our product applies specific duty as per notification 1/2011 which is presently 2%. We are not eligible for Cenvat credit. If we want transfer our finished product from one unit to another unit for storing and sale from there end. How can we do this?
Pls help, this is urgent.

Our Company is registered under Excise and Vat. We have paid excise/ Vat on our sales booked in earlier month.
But now our customer (who is not registered under Excise / Vat)wants to return the goods.
Now -
1) Can we take the credit of these sales return from Non Excise dealer???
2) Can we take credit of Vat on Sales Return from Unregistered dealer???

And also please advice the documents required for taking credit of Excise and Vat.

Greeting All of you,

Our PLA deposit amt showing difference values in ledger books and ER 1 returns. (A/c Ledger showing big value against ER 1 return.) Before my previous persons jumble the amounts. Can i get correct amt of deposit in website? Other wise what i do?

Kindly help me in this regard.

Regards
M.RamKumar
ramkumar.mathurthi@gmail.com