This Query has 2 replies
Facts:
- Excise Duty levied on Readymade Garments under section 3(2) w.e.f 1st Mar 2011 , giving 40% abetment initially and subsequently increased to 55% and finally to 70% w.e.f 16th Mar 2012.
- We are a Company engaged in manufacturing, whole selling and retailing of Readymade Garments through our own Exclusive Brand Outlets all across India.
- The goods are cleared from our factory on payment of full Excise Duty and brought to our central warehouse and from central warehouse, the materials are dispatched to various stores as well as sold to dealers.
- The stores has been taken on Rent and therefore are paying Service Tax on Rent besides on Advertisement, Professional Fees etc.
- Input Service defined as Services used for “Transportation and Storage up to the place of removal” besides all other cost used directly or indirectly incurred in relation to Manufacturing or clearance of goods upto the place of removal and several other charges.
Query:
- In the light of the above facts, we would like to know Whether we are eligible for Input Credit of service tax paid on various charges including Rent for Stores.
you can also reply the above to me at caharunansari@gmail.com/md.ansariharun@gmail.com
This Query has 1 replies
dear Sir,
i am working in a E.O.U ,we imports most of our RM.sometimes our excise inspector does delay in inspection of our container and by this we have to pay demurrage charge amount 5000 rs. per day for 2 or 3 days, can u tell me solution regarding this ?
This Query has 1 replies
good morning sir ,
can you tell me about excise notification 214/86 . what is the means of this notification
This Query has 2 replies
I have doubts in the excise on the following issues. Please clarify me.
Is it required to be maintained by the manufacturer even now? The
accounts manager who is looking after this says that these are all
need not be maintained and it is old. Is it True? If not please tell
me with the relevant rules or sections as the case may be.
1)Form IV register of receipt and issue of Raw Material.
2)RG23A Part I – For Accounting of Receipt of Raw Material
3)RG23C Part I – For Accounting of Receipt of Capital Goods
4)Records of inputs sent for job work outside the factor under Rule 57F(4)
5) The concern which i am assigned for audit is a manufacturing
concern, they need to pay excise duty for the manufacture. Can they
take service tax input credit on office maintenance expenses and
administrative expenses for payment of excise duty? (please specify me
the rule or section)
6) If the manufacturer avails any abatement services, then the
service tax paid for the abatement services can it be take as service
tax input credit for payment of excise duty? (please specify me the
rule or section)
7) Can u please clarify me on the service tax input credit to be taken
in case of transportation ( really confused about 25% and 75% and
all)
8) Some of the goods sold are rejected by the customers. Those rejected Goods Cenvat credit is taken. the rejected goods are sold as scrap, for the scrap sales excise duty is paid. Department contends that Cenvat credit utilised for producing that manufactured goods should be reversed, therefore excise duty has to be paid on the goods returned by the customer as if it is good one. Is it true please provide me with the sections or case law.
Thanks & Regrds,
Rajesh.
This Query has 1 replies
Mr.x wants to import cement bags from pakistan with ISI mark and after repacking them from 50 kg bag to 1kg or 2 kg bag it is sold in local retail market.now my question is whether on sale of 1kg or 2kg bag excise duty is applicable or not. whether he needs to register under excise Act.
IT is urgent please also let me know the other related provision applicable to the case.
This Query has 5 replies
A SSI unit produce two products. one is covered under ssi exemption and the other is ineligible for SSI exemption. Can the SSI unit pay 1% excise duty without taking cenvat credit on the product not eligible for SSI exemption? Which method is beneficial- pay 1% duty or taking cenvat credit. Sir, please advise me as early as possible.
This Query has 1 replies
can we claim cenvat credit of excise duty paid on motor vehicle???
This Query has 1 replies
Please clarify me on the following issues. I want to know whether the following excise records are still to be maintained by the manufacturer.
1)Form IV register of receipt and issue of Raw Material.
2)RG23A Part II - Entry book of taking credit of duty paid on inputs.
3)RG23C Part II - Entry book for taking credit of duty paid on capital goods.
4)Records of inputs sent for job work outside the factor under Rule 57F(4)
Some of my colleagues say it is no long required to be maintained. Please clarify me in this issue.
With regards,
Rajesh
This Query has 1 replies
Just need a solutions, we are sending products to Tokyo-Japan under export billing. Is it possible that upon the instructions of Tokoyo-Japan client, the shipment needs to be send to London (the client of Japan party - to save the routing time and cost). The remittance will be made Japan client. Please respond and quote some reference.
This Query has 1 replies
excise duty 125.00
To cenvat 100.00
To PLA 25.00
PLA 25.00
Interest 5.00
To Bank 30.00
Kindly sent me what means it ?
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Eligiblity for input credit of service tax paid