sir i have a doubt, as one of our friend's company had a production unit, and this unit had wrongly taken an input tax credit on central excise duty for the year 2009-10. and from the audit of excise department, they noticed that wrong credit and they charged Rs. 15000/- as interest, penalty and the wrong credit. as the order from the department the accountant had reversed the credit amount with interest and penalty from the credit available. but the department made a clarification that interest and penalty to be paid in the form of cash. and as the above said order we paid the interest and penalty in the form of cash. But we want to utilise the amount reversed for the interest and penalty wrongly utilised from the available credit.so how to shown that amount of wrong reversal for interest and penalty in ER-1 thank you..

Can I take Cenvat credit on Eicher truck (model no - 10.59XP E HSD 14Ft GB) We are manufacturer of Pet Bottles and will use the truck for material loading and delivery of pet bottles.

Dear Experts,

please tell me the ER-6 Information and what is the meaning of principle input related ER -6 Return submission

Dear All

Pls advice

we have sold goods sample or Free sample. excise duty applicable and if yes pls advice what is accounting Entry in Excise

Regards
Praveen

Dear All,
We have send 10 drums of materials to my customer at Ranchi. out of 10 drums 1 drum was licked out on the road. Our customer received only 9 drums Endorsement of consignment note by the driver have been done. We suggested to the customer to please receive the entire 10 drums of the materials and issue an invoice for 1 drum so we can receive the same as RM at our end. But the said customer saying that we are not in a position to receive 10 drums not able to issue any invoice in our favour. They may be written on our invoice (xerox copy) that 1 drum rejected and return. Please let me know how we utilize the CENVAT on their condition.

let me know any changes in ced on industrial sewing machine and its part's

Dear Sir,

We manufacture 2 products

One on which we pay 2% excise duty from start of the financial year.

And on other we don't.

Then does the turnover of the product 1 on which we have already paid excise count in the total 1.5cr exemption for SSI?

Thanks in advance, any reply would be appreciated.

We have a factory located in silvassa (UT) for produced steel articles on which excise is leviable. The HO is located in mumbai. We receive bills for various services on which service tax is levied. We don't have any service tax liability. How to take service tax CENVAT credit against the excise payable. Please explain in details about which forms to fill necessary documents etc

Dear Expert's.

We are a Manufacturing company and we want to know that if we are paid the service tax on freight invoices of like GATI, BLUEDART, ETC. then in this case we can avail service tax input credit against our excise duty payment amounts.

Freight charges are inclusive in our sale amounts.


Request you to please advice on above matter ASAP.


Thanks in advance.

Jeevan Sharma

Hello Experts!! I am going to start a new business of Manufacturing PP/HDPE Woven bags by purchasing PP/HDPE woven fabrics from suppliers on which the excise duty will be paid.
My query is that do I also need to pay excise on my final product that is "bags" which will be converted from fabrics at my premises. The main problem is that if I charge duty on my final product then the rates of my product will rise and I will not be able to strive in the market.
So, Please suggest the best way to overcome this problem.

Waiting for your quick responses.

Thanks
Rajat