Respected Sir.
I am a ca final student .
Is valuation u/s 4A (Mrp based valuation) applicable if specified goods are sold to wholesalers .I am asking this because in one reference book it states as an example-if refrigerator manufacturer sells to wholesaler/dealer then Sec 4A is not applicable and valuation to be done at Transaction value.
It further sates that is refrigerator is directly sold to consumer then duty is payable on MRP less abatement.
plz help!!

I am a Manufacturer in textile Industry. I took Excise registration 2 month ago… at the time of registration I have registered only one product which is
exempt from excise duty.. During the 2 months period I purchased Exciseable inputs for production.

But now I also want to manufacture another item ,which is excisebale.. And for that I have applied for Amendment in registration requesting to department
to add one more commodity(which is excisable).

My problem is … (1) whether I can take CENVAT credit on my inputs… which is purchased during past two months (I get added excisable good after 2 month)?
(2) If ans. Of 1 is yes than how can I show it in ER 1 .. [As a rule (6) reversal or any other way]

we are registered dealer in excise and trading petro-chem products
our last year turnover was 10 Cr.
now we wants to start small process unit for petro chem products
do we need to take reg.for excise as manufacture

Dear Sir

By mistake we had taken a cenvat credit in April 2012 towards the transporter copies of our vendor but in actual the material has not been received & transaction will never happened in future.

In this case we have mistakenly taken excess credit. It has been found while reconciliation. Now how can we reverse the credit? Is there any procedure to reverse the same. Also the accounting entry has not been passed in books as the tax invoice was not received.

Please help us out

Thanks

Please guide me about DBK scheme relating to exports.

Kindly suggest me how i calculate below Excise duty.

Ex.

Total Amount - 73937
Excise @12% - 8593
E. Cess @2% - 172
S&HE Cess @1% - 87
Taxable Amt. -- 82789
CST @2% (C form) - 1656

G. Total ---84445

Ajeet

Dear Sir,
kindly advise to us, how i calculate Excise duty.

Ex.1. If Total Sale Value Rs. 32091 (Exclusive Excise duty)

Ex. 2. If Total Sale Value Rs. 36207 (Inclusive Excise duty)


Ajeet Pandey

Hi,

We are trade dealer and dealing with import the material and pass the import duty to our seller.

FYI

I have purchase the material on the rate of Rs 390 and paid duty now we were requesting to our purchaser to whom we purchase the material, pl revised the rate as ur rate is so high, he is agreed and asked to issue debit note for difference for Rs 6 * qty.

My question is what is the impact on excise duty entry in the books as we already paid excess duty or earlier rate and now they are ready to release the excess rate charged earlier in purchase bills

Pl help.

What is Taxablilty in 100% eou

I am a manf of Packing boxes i am going to sell worth 200000 material to 100% EOU what is taxabilty 0 or otherwise

Experts please help me regarding how to get practical exposure of Service Tax and Excise.

I don't have any practical exposure in it.

Please suggest some books or course or anything, So that i can make a career in it.

Thanks.