Hi,

My client is into the business of refurbishment of mobile. They are buying old mobiles from the market and then repairing them including replacing the parts (if necessary). After repair, they are selling these mobiles as refurbished item. Whether this can amount to manufacturer in any sense. As selling price is decided by my client according to the condition of goods.

PRODUCT CHAPTER HEADING IS - 21012090 AND 21011190

WE TAKE CENVAT CREDIT AND EXPORT UNDER REBATE

BUT IN FIRST TWO SHIPMENT

WE DEBITED EXCISE DUTY IN 2.06% IN ARE 1

AND AFTER 1 DAY WE PAID BALANCE 4.12%

CAN I GET REBATE OF THIS WRONG CALCULATION ENTRY

OUR EXCISE DUTY RATE IS - 6.18%

SIR PLEASE CLARIFY WE CAN GET REBATE OF THIS FIRST TWO SHIPMENT

Dear Sir
Does Excise duty is applicable or not on sale of goods imported under Zero percent EPCG scheme? If any notification or circular is available in this regard please update. Thnx

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=615452

Dear Sir

Does Excise duty is applicable on sale of goods imported under Zero percent EPCG scheme? If any notification or circular is available in this regard please update.

Thnx

Dear Experts,

Please let me know why Excise is called duty?
Why it is Indirect Tax?
Why we are allowed cenvat on CVD paid?

Chandrashekhar S Kulkarni
csku45@gmail.com

I NEED LATEST AMENDEMENT FOR THE INDIRECT TAXATION APPLICAPLE FPR THE MAY TERM EXAMINATION.

I want to know is there any website which sow us direct terrif heading no so we have to not waste time to search terrif heading no & I want terrif heading for hand made soap

Dear Experts,

We are engaged in the manufacturing of Excisable goods.

We have a factory in Karnataka & HO in Mumbai. We trfr some material to our HO with a excise invoice and those materials are sold from our HO after collecting the applicable VAT.

As per my opinion the entry to be passed are as follows:
In the books of Factory.
HO A/c .............Dr 11,236.00
To Branch(HO)Trfr A/c 10,000.00
To Excise Duty @ 12.36% 1,236.00

In the books of HO
Branch(Fact) Trfr A/c......Dr 11,236.00
To HO A/c 11,236.00

But when I pass the entry as above, Branch Trfr A/cs does not tally.

So, Please guide me how to pass the entry in the above case.

Thanks & Regards.

Is there any special calculation for calculating Excise Duty on cement production. My client purchased cement for own consumption but not for resale. I just want to know about calculating excise duty in this regard.
Please tell me those details.

Thanks in Advance
Srk

What is the procedure to file central excise returns?