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?

I AM ADVANCE LICENSE HOLDER , I WANT EXPORT 1-2 MT FG AS SAMPLE , BUT I DON'T WANTS TO TAKE THE CONSIGNMENT AGAINST ADVANCE LICENSE SO THIS SITUATION ANY AFFECT OF DUTY PAID.

sir
we have despatched SEZ unit
we have got original & second copy of ARE-1 duly sign and signature by authorised persond of C. excise of SEZ unit,
The third copy of ARE-1 by mistake i dont know where,
we are submittd this two copy of ARE-1 original and second copy with Annexure 19 to Range.

now C. Excise Range dept demand this third copy.
my question is
its must be required this third copy ?
if we are unable to submit this copy than whats problem face ?
any panelty if we are not submited this copy ?

please tell me frequency of conducting the Excise Audit.

what is the defination of branded and unbranded in respect of excise because we are manufacturer of readymade garments.

Thanking you

Dear All,

Can input service tax credit will be setoff against Excise duty liability?

In what percentage the Excise credit on Procured Capital Goods be availed to pay excise liabilty on Finished Goods?

pls help to solve my case..as per ccr 2004 exporters are allowed refund of cenvat credit when goods cleared under bond or letter of undertaking..but for that seperate accounts have to be maintained for segregation of raw material on which cenvat is admissible and material on which cenvat is not admissible..which was not being done in my case due to practical difficulty..being both raw materials i.e. on which cenvat avilable and not available were on same floor.i.e. export was being done from raw material on which we were not taking cenvat.now as per provisions nad rules of ccr i have to pay higher duty@6%..to save this any tax planning possible or how to satisfy assessing officer of this practical difficulty faced by us to save duty..

WHAT IS THE BENEFIT OF ADVANCE LICENCE AGAINST EXPORT ?

Hi, I have a factory of leather goods. I am also a exporter but I also sale finished goods to some of my buyers who are 100% exprter. They take goods from me in packed condition & export it directely.

Pls confirm to me this will be covered under exise or not...

An SSI Unit claiming duty exemption within the limit of 1.5 crores issued a cenvatable invoice without duty. Subsequently they have crossed the exemption limit and then start billing invoice with payment of duty.

Can they issue supplementary invoice for price revision with duty now, for invoices pertains to the period when they are in SSI exemption limit.

Illustriatively, on 10.10.2012, they are crossed exemption limit, upto 10.10.2012 they are not paying excise duty from 11.10.2012, they started paying excise duty. For invoices raised on 05.10.2012,(without duty) whether supplementary invoice for price revision can be raised on 15.10.12 with duty