1. Contracted price for delivery at buyer’s premises: ` 8,00,000. which included the following: (i). cost of drawings and design ` 4,000; (ii). Cost of primary packing ` 8,000 ; (iii). Cost of packing at buyer’s request ` 10,000; sales tax 28,000 and excise duty 12.36%; (iv). Octroi ` 2500; freight and insurance charges paid from factory to warehouse ` 20,000; (v). actual freight and insurance from place of removal(warehouse ) to buyer’s premises ` 45,600 Find Assessable Value

2. Tej Ltd. cleared 5 lakh biscuit packets each bearing a retail price of `20. Due to delay in transportation, the quality was affected and the goods had to be sold in public auction at Rs 10 per pack. The goods are notified under section 4A and Abatement rate is 35%. Find out the assessable value.

3. Calculate the assessable value from the following information: Total production 3000 units; sold 750 units @ 200 per unit and 950 units @ 190 and 150 units were distributed as free samples. The prices above are excluding taxes.

Solve this problems plz

which stap and procedure requre for take credit of excise on sales return invoice.

sir indirect tax is a scoring paper but some problem iam cannot understand to excise duty sir.so please tips to excise duty sir
thank you.
my mail id: cssathishkumar007@gmail

Can anyone explain the following terms in easy understandable way:

Continental Shelf,

Exclusive Economic Zone,

Special Economic Zone,

100% EOU,

12 nautical mile, 150 nautical mile, 200 nautical mile.

Dear All,

One of My Supplier Issued bill with rate difference. So he Issued another Supplementary invoice for difference value. Excise duties also shown in Supplementary invoice.The First bill duties we already taken as input.

For that supplementary invoice, The duty of Cenvat Can be take or not. Pls give the suggestion reg this.

if suppose a company issues a Excise Invoice on removal of Invoice. and on next day he realised that he has raised invoice wrongly, and they make new fresh invoice with same sr no. and replace the wrong one,can there be any issue or litigation, if yes please advise

Dear Experts,
One of My Friend want to start a manufacturing plant of Gypsum Board Now I want to know below Queries (Kindly reply me in your own words or simple words don’t copy paste from somewhere else)
1. Is there any turnover limit to Get Excise registration,
• If Yes then Kindly explain the Limit and till the time Limit not reaches Can we issue Normal Sales Invoice.
• If No Then Kindly Explain the Excise registration Process.
2. Kindly explain the Journal entry of Purchase of Machinery before or after starting the business with CENVAT Explanation.
Seeking your Prompt reply!

Thanks & Warm regards

we are a manufacturing unit and planning to outsource some of our process to a job worker. what is taxable for the job worker... excise or service tax. pls note the goods after job work is returned bck to mfg unit for sale. please advice on this

Dear Sir,
we purchase some capital goods and availed input tax. Used above goods for 5yrs and now we are going to sell that capital goods.

my query is whether we should charges excise duty on the above sale?

Hi friends,
My question is cenvat credit was wrongly taken in previous assessment years, but it come to known in current assessment year by audit of excise dept.

How can we treat the said issue, whether we 1) can reverse it with available cenvat credit in previous assessment years.

2) No cenvat credit available in previous assessment years but available in current assessment year.

3) need to pay in cash with interest.