Dear Sir / Madam
ASHAPURA MINECHAM LTD is not an EOU unit but they are taking supply of Capital goods against EPCG Licence (issued by DGFT), they claim Terminal excise duty by submitting all relevant documents from supplier.
Please note that we(SUPREME TECHNOLOGY) are IST STAGE dealer & part material will be cleared from Custom under Siemens Ltd IEC NO imported from GERMANY & balance Consignment will be manufactured in India. Kindly let us know the provision / rules & regulations for ist stage dealer, whether we should accept the terms & condition or back-out from tender BID.

We are palnning to enter in the area of Finance Leasing Service Provider (LESSOR).

Can we avail the CenVAT Credit on the goods purchased for the purpose of FInance Leasing. These goods have to given to the Lessee on Lease.

If the Cen VAT Credit can be available how it should be claimed.

Can these credit set off against service tax

In present budget 2013
MRP based valuation for pharma - Ayurvedic product is applied with 35% abatement.
For eg MRP Rs.100/- now valuation is Rs.100-35= 65/- per pack for excise clearance.

In above case manufacturer " A" mfg at full rate by SSI unit at Rs.10/- (with MRP Rs.100/-) and same is given to "B" at Rs.10/-by manufacture "A", who sold at Rs.100/- by "B".

Now at what rate "A" continue to invoice at Rs.10/- or Rs.65/- to "B" w.e.f 1.3.2013. or at what excise invoice is to be prepared at Rs.65/- or Rs.10/-

Pls advice.

Suhas

If any assessee the goods removed with tax invoice make as on date 28.02.13 but he is not able move the consignment on said date & if he want to same goods clear from factory on next day or after 4-5 days So,Kindly us advice is it posible under excise rule yes or not & kindly request to give us reply with refferal rule.

regards
Gautam

Pls anybody tell what is the provision to imply excise duty on ayurveda products

we are a regd.VAT dealer under state commercial tax deptt. we are buying certain excise duty paid product. we do not claim any MODVAT as we resell the goods to our interstate customer. Can we pass MODVAT credit available to us to that customer? we are not regd. under excise. our yearly T.O. is below Rs.50 lakhs.
is it necessary for us to be a regd.dealer with central excise to be able to pass MODVAT credit to our customer or we can do it simply being just a VAT dealer with Commercial Tax Deptt?

Can anyone explain me the CERA auditing?

Dear Expert,

Company crossed turnover of Rs. 1.5 crore in March and we have prepared first bill of excise will starting Serial No 1. please answer the below

1) from which month we have to start file excise return ie. from March or date of registration.
2) in the next FY is it necessary to file the excise return till crossing the limit of turnover Rs. 1.5 Crore

Dear Sir,

This month we are direct export to Indonesia
through ARE-1,Now we shall submit our excise return but without notification of direct export we can not submit our excise return,

plz tell me what is notification no of Direct Export.

Thanks

Pl.let me know about applicablity of Central Excise:-

We have manufacturing as well as trading.Pl.let me know whether trading turnover is also counted for threshold limit of Rs.1.50 crore.

Thanks,

S.M. Nalwaya