This Query has 4 replies
Hi friends
I have question related to excise
I'm manufacturer , i purchase some material in local and paid excise duty and sale in export (SEZ) should i get excise benefit of that purchase ? Because there is no excise in export ? so please help for that .
Thanking you
This Query has 3 replies
we have an issue regarding closure of a pvt ltd company which is registered under central excise as manufacturer.
The company has been dormant since past 6 months having declared stock worth 1 crore,
due to the financial crunch we have decided to vacate the rented factory premises, and shift the existing stock to certain storage area.
1.is it necessary to apply for excise registration for the new premises as it comes under different jurisdiction.
2. we are in the urge of closing the company but due to declared stock should we continue with the excise until the stock is dissolved.
This Query has 1 replies
Manufacturing unit transfers goods to its branch at the rate of Rs 40000 per MT after paying duty but branch actually sold the goods at the rate of Rs 45000 per MT. Whether there is any liability to pay additional duty on Rs 5000
This Query has 1 replies
We have a manufacturing unit. This unit transfers goods to branch by way of stock transfer after paying excise duty.When goods are transferred at that time sale price of goods at branch is Rs 40000 per MT. Manufacturing unit paid duty @12.36% on Rs 40000 but branch actually sold these goods at the rate of Rs 45000 per MT. Is there any liability to pay differential duty.
This Query has 1 replies
If a registered dealer "B" purchase copper a importer who on sale value of Rs. 200 per kg charge duty @ 12.36% i.e Rs. 25 per kg so invoice to B will be 225 per kg then "B" sold this copper to another dealer "C" at a rate of 220 per kg then pls tell how much excise duty will B charge on his invoice to C. whether on 220 rate or whether Rs. 25 which was charged by A to him
This Query has 1 replies
do we maintain PLA account in books of account or just a PLA register is sufficient?
please pass the journal entries for the following situation:
a)asset purchased, 50% credit available and balance is carried forward.
Thanks in advance
This Query has 3 replies
dear sir
we wish to export A4 photocopy papers to nepal from india. via road ( fom gorakhpur UP to kathmandu)
are these items duty free or we have to py some excise uty and tax while exporting paper?
how we can export these items without payment of taxes.
pls tell some duty free items that can be exported to nepal via rod
This Query has 1 replies
hello sir. there are few query which are below:. 1. what is limit for sale which come under excise act 2.we current come under sale tax .. we are engaged in manufacture packaging material business and manufactures is on basis of jobwork from outside. and we supply printed packaging material to exporter for their packing purpose of their food grain item which to be exported. and they issue us h form and b/l against our sale .. so this sale is exempted from excise or nt and currently our turnover is above 5cr is it neccessary to register under central exise..
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my company i an SSI unit. we undertake both service & repair OF AUTOMOBILE works as well as fabrication of METAL garbage bins which is excisable item. Last year excisable goods turnover is 2crors and i paid ED for 50lakhs after availing SSI examption .but my non-excisable products(Service & repair) will be 2.5crors.totally my turnover is 4.5crorS. wheather my company is eligable for current year SSI EXAMPTION
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If any company based in Delhi sells the 640 bags of material to customer based in other Indian state. Suppose that,customer returns the 6 bags saying that it is of another grade and send back. We have taken back the matarial and credit is given to the customer . Is there any financial liability as for as taxes/other formalties is concerned ?
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Excise benifit in export sales