This Query has 3 replies
Is it mandatory to inform excise department if turnover cross 150 lac in case of SSI Unit and what is the format for the same?
This Query has 4 replies
the definition of jobwork says that goods are given to the jobworker for process or manufacturing by the PRINCIPAL MANUFACTURER. the princiapl manufacturer then sell the goods to the buy. the principal manufacturer may be excisable or non excisable.
however in this case, the goods are given for manufacturing to the jobworker by the end user himself. the end user being a businessman who requires pressure vessels in his factory. he purchases the material and sends it to the jobworker.
what will be the exicse implication in such a scenario
This Query has 1 replies
company ABC is engaged in the business of manufacturing pressure vessels on jobwork basis for the principal manufacturere. the pressure vessels are directly dispatched from the jobworker's (ABC) premises to the buyer. the comapny in not requred to pay excise as the principal manufacturer is an excisable unit. moreso, the turnover of this company ABC is also below 150 lakhs.
now due to excess load, ABC wishes to give the goods given by the principal manufacturer to another jobworker(XYZ) for processing or manufacturing. XYZ will process the goods or manufacture the pressure vessels on behalf of ABC which ABC will send to the buyer.
I want to know the excise and service tax implication for the company XYz in both cases. i.e. when it does a part of the process for ABC or manufactures the entire pressure vessel for ABC
This Query has 1 replies
We are a manufacturer of Excisable goods and also a Importer.
I would like to know if some inputs i have imported and not used the same for manufacturing and also have not availed CENVAT credit of CVD and SAD.
In such scenario can i sell the goods to another manufacturer and Pass on CENVAT credit of CVD and SAD?
Is regisration as a Trade in Excise is essential to Pass on Credit?
What are the conditions that to be met for CENVAT credit pass on?
Appreciate reply from experts with relevent section of Excise rules....
This Query has 1 replies
Hello,
One of my clients is starting a Ginning and Pressing Factory. I wish to enquire whether his products i.e. Lint and cotton seeds produced from raw cotton would be taxable under excise?
Thanking You
Regards
CA Gaurav R Bhartiya
Nanded
This Query has 1 replies
Dear Sir,
We are manufacturing Lacquered Metalised Polyester film (chapter No 39219092),some times we convert this FG to our another product Badla/Jari/Kasab (Chapter No.56050020)this product is exempted from the excise duty.We removes this material from the premises without payment of duty.
Please advise whether any duties liabilities arise in future or what?
Thanks
Sohil
This Query has 3 replies
Dear Sir
Please send details in purchasing which items are eligible and ineligible in cenvat benift.
with regards
Pradeep
This Query has 1 replies
WE ARE A KRAFT PAPER MANUFACTURING COMPANY. KRAFT PAPER IS OUR FINISHED PRODUCT WHICH IS ROLLED ON "CORE PIPE" & SOLD TO DIFFERENT CORPORATES. WE HAVE BEEN PURCHASING THE "CORE PIPE" FROM OUTSIDE TILL DATE, NOW WE ARE PLANNING TO START IN HOUSE MANUFACTURE OF "CORE PIPE" FOR OUR CAPTIVE CONSUMPTION ONLY. IT WILL BE MANUFACTURED FROM "KRAFT PAPER". KINDLY LET ME KNOW EXCISE TREATMENT OF IT, I.E. UNDER WHICH COLUMN OF RG - I REGISTER OR FORM - IV DO I NEED TO SHOW IT. DO I NEED TO GIVE WRIITTEN INTIMATION TO EXCISE DEPTT. REGARDING THIS? KINDLY LET ME KNOW & OBLIGE.
REGARDS,
LALIT DHABRIA
This Query has 1 replies
Dear Friends, I am working in pharmaceuticals manufacturing company. We have lot of excise balance (dr.) in our cenvat account, which is due to excess of excise duty paid on input Vs removal of excise duty on finished goods. The cenvat balance is related for very old period ie. five to six years back. My question is this whether there is any law in excise that cenvat balance should be used in specific period or we can forward it for indefinite period. waiting for your valuable reply .
This Query has 4 replies
Friends,
Excise duty is charged on Which Amount?
I mean Excise duty is charged after adding profit.Do we have to charged excise on profit.
Suppose i bring a product X at 5000 rs and then sell it at 6000 rs without doing anything (for a profit of 1000 rs,due to difference in market price), in this case do i have to pay excise duty.If yes then how much? whether on 6000 or on 5000 rs.
or simply forward the excise burden to the buyer for the amount that i have paid while purchasing this product.
One of my friends is doing business in computer system, he has same query.Currently what he is doing is that he added word "system" to the purchased product and then charge excise duty.
so finally;
1)do excise is charged on the profit?
2)on which amount the duty will be charged if i purchase the product at 5000 and sold it at 6000 with profit of 1000 without doing anything.
3)what about the excise duty in above case if i donot amount to manufacturer?
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ssi notification 8/2003