Query:
Dear Sir,
My query is,......
A manufacturing company is selling a product to its customer on 45 days credit. The customer at the time of supply of goods itself has asked for 90 days of credit stating the company can charge interest for balance 45 days and has asked for proforma invoice from the company.

So on the value of goods excise duty and sales tax is charged (Since customer belongs to different state CST is levied). on the arrived value, the company is calculating interest @12% for 45 days.

My question is whether on the interest component also sales tax and excise duty to be charged.

Kindly advise.

Please quote the relevant provision or the case law.

Thanks in anticipation.

Regards
Yogesh

hi

May i Know the Percentage of ED on Different Products

Thanks In advance

we have purchased the imported machine 9 years before and for selling the machine which has purchased duty free under EOU scheme right now we are selling the same in Indian market what duty we need to pay and what its depreciation cost to be reduced and if any vat[sale tax] has to pay for this and shall I utilized its total duty payment in my input service tax credit pls suggest in this

Dear Sir

As we are an 100%EOU we are exporting our goods and some amount goods are going to sale in DTA so we take all duty of DTA as a crdit in our servie tax credit please advise.

Dear Sir,

We have received material From usa qty 100 nos but in that 12 nos are rected at the time of inspection,so my query is that we have taken excise credit of all 100 nos.
our supplier give us credit for that parts and also he wants rejected parts back
please suggest what is correct method of rejected material send back to oversease supplier

WHETHER SALES LABOUR BILLS ARE INCLUDED IN GROSS TURNOVER FOR FIXING EXCISE LIMIT AS PER E.G. SALES LABOUR IS RS. 6 LACS AND OTHER TURNOVER IS RS, 1.48 CRORES.

SO, TOTAL TURNOVER IS RS. 1.54 CRORES.

WHAT LIMIT WILL BE CONSIDERED ? RS.1.54 CRORES OR RS. 1.48 CRORES ?

Due to Password problem i have given application on 8/4/14 to give new PW. But he dosent give us but we have make the required tax pmt within due date so i cant file return till 30th. accordingly he has given on 3rd may 14& we have filled the return on 7th may for April 14& May 14. Now my Question is that whether we have to pay the late filling of return penalty and if yes how much.

for first time export what are the formalities required to complte under customs n export rules what are license requrd n gsp forms etc. and kindly explain detailed procedure for removal of such goods for export... expect your reply at the earliest. thanks in advance.

sir, I had file ER-6 Return of one Manufacturing compny for the month of April-2013 .now after one year i found that there was mistake in opening quantity so its also affect on consumption . production quantity shown very big than actual production quantity. so please advise me what should i do?. and what penalty & action can take excise department against us in this mistake because still we have not inform department about this matter.

Dear Sir,

Please guide us regarding the duty arte for the chapter ID 34021110. As this carries Excise Duty @ 12% only from 01-03-2013. So, is it the rate applicable without Education Cess and SHE cess.

Because earlier before 17-Mar-2012 its duty rate is Excise @12% and cess @ 3%.


Please confirm the rate of duty and cess.

Regards,
HN Manjunatha