Dear Sirs
1.We have a plant at Manesar and Chennai .We are going to start supplies of components / Engine parts to Hyundai.

2. The stock transfer will be made from Manesar (Gurgaon- Haryana) plant to Chennai plant.

3.Invoice will be made at Chennai plant and delivery will be made at Hyundai.

4.The parts will be mainly bended steel tubes and packed in carton boxes will be transferred from Manesar to Chennai .
5.In Chennai Plant the goods would be unpacked and air blown on clean air work cabinet table and there after visually checked for sealing surface of flair under magnifier and if found ok then taken to the next operation and if not ok scrapped.
6.The O.K parts are checked for profile by use of profile gauge and if ok it is taken to the next operation of air blowing inside the pipe at 5 bar pressure if not ok then scrapped.
7.There after plastic protection cap is put on both ends of the pipe to avoid dust and then packing is undertaken in set of 10 in a polythene bag with an identification tag and signature of the inspector and there after dispatched to Hyundai in plastic bins
8.I need your kind advice on excise procedure to be followed from Chennai plant of the above transferred parts from Manesar plant.

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