Dear Experts,
The company which i carry the internal audit has imported capital goods without payment of import duty under EPCG scheme few years before.
1. Within how many years the export obligation has to be met?
2. The company has also exported goods over the years, but without quoting the EPCG licence in the export invoice bill. I want to know what are the procedures that the company has to follow for meeting the export obligations.
Since i have to satisfy my superior when they cross verify me.
Your clarifications will be highly appreciated.
Thanks & Regards,
Rajesh.

Respected Experts,
A company has imported capital goods under the EPCG scheme some years ago.
They have also exported their goods, but did not quoted the licence in the invoice. Now one of my friend says that the authorities will not allow to claim that the export obligation has been met. IS it true?
With regards,
Rajesh.

Dear Sir / Madam
We are purchasing material from Siemens Ltd they are having Manufacturing Unit In Navi mUmbai. A client have placed Export Order on us(Supreme Technology)peratining to Taxes & Duties "NIL". As par Tax is consider V will accept FORM-H but how V should convince Siemens for NIL-Duty. Kindly advice & suggest------Regards

Dear Experts,
I am carrying out an internal audit for a private limited company. I have started by auditing purchases.
1. What are the excise records that has to be maintained while purchasing Raw Materials and Capital Goods?
2. What are the excise records that has to be maintained while production is over (i.e. Finished Goods) and cleared for sale.
3> What are all the Excise records that has to be maintained by the manufacturing concern, also please explain why that registers or any other records has to be maintained.

Thanks & Regards,
Rajesh.

Dear Sir,
We are directly exporting our material & claiming rebate for the same. Our querry is that 1.whether we have to pay excise duty on export i.e. excise duty we are mentioning in Invoice should be shown in RG1 as duty payable. 2. secondly is it necessary to debit duty on export on the same day in RG partII. 3. Even if we get the rebate of the same, duty deducted twice from us. One is credited from RG1 & other is debited from PG partII.
We are bit consused of how to make entries for the same. Pls suggest URGENTLY.
Tnks.

Hi,

we are manufacturer of four wheeler spare parts and ATM machine parts. we are going to sale to one company. That company is in EOU area.
this is first time for selling to EOU area.
we don`t know the processor for selling.

anybody please help me about above issue.

Dear Sir,
We are directly exporting our material & claiming rebate for the same. Our querry is that 1.whether we have to pay excise duty on export i.e. excise duty we are mentioning in Invoice should be shown in RG1 as duty payable. 2. secondly is it necessary to debit duty on export on the same day in RG partII. 3. Even if we get the rebate of the same, duty deducted twice from us. One is credited from RG1 & other is debited from PG partII.
We are bit consused of how to make entries for the same. Pls suggest URGENTLY.
Tnks.

Dear sir,

Ours is manufacturing industry with a turnover of 70 crores. I am looking for your help and solve my query.
1. We have a 3 units in diferent area under different central excise ranges . location. A.B.C

A is registered with central excise and cleared the goods on payment of duty.

B & C is our extension units which is not registered under central excise duty . At B, C Places we are doing only manufacturing for A. At B,C are not selling any items nor doing any job work to other customers. There is no sales nor job work at B & C. Our general practice is we are sending the raw material to B & C on 4(5) challan for job work purpose. After manufacturing at B&C the material is comming back to at A and clearing the goods from A on payment of duty. Now my querry is.

A).Whether B & C to be registered in Central Excise or should given any declaration in their jurisdictional. (As per my knowledge no registration required because we are not selling any item at B&C places)
B).What are the records to be maintain by B&C.

C) Proceedures now we are following is correct or wrong.

Please clarify urgently basis

Thanks for experts giving such a good guidelines to the users. CA club is very good site.

Dear sir,

Ours is manufacturing industry with a turnover of 70 crores. I am looking for your help and solve my query.
1. We have a 3 units in diferent area under different central excise ranges . location. A.B.C

A is registered with central excise and cleared the goods on payment of duty.

B & C is our extension units which is not registered under central excise duty . At B, C Places we are doing only manufacturing for A. At B,C are not selling any items nor doing any job work to other customers. There is no sales nor job work at B & C. Our general practice is we are sending the raw material to B & C on 4(5) challan for job work purpose. After manufacturing at B&C the material is comming back to at A and clearing the goods from A on payment of duty. Now my querry is.

A).Whether B & C to be registered in Central Excise or should given any declaration in their jurisdictional. (As per my knowledge no registration required because we are not selling any item at B&C places)
B).What are the records to be maintain by B&C.

C) Proceedures now we are following is correct or wrong.

Please clarify urgently basis

Thanks for experts giving such a good guidelines to the users. CA club is very good site.

Dear Collegues,

A pvt.ltd had purchased chemicals from B P LTD. as under in maech,12

basic 10 lacs
c.e. 1.236
mvat 0.56
total 11.796

the company did not find material in order,therefore sent it back to
supplier for repocess/rectification & passed debit not for Rs.10 lacs
(without reversal of cenvat)

in first week of April,12,supplier (B p ltd.) repocessed & sent the materail to A pvt.ltd.Therefore A PVT.LTD. reversed the debit note.

THE SUPPLIER (B P LTD) did not pass any entry in his book.

Since, A pvt. ltd has not reversed the cenvat while sending the goods for reprocess/rectification, is there any penal consequence under Excise law?

regards
c.a.paresh zatakia
9833855518