Dear Members,

One of my client being an Individual engaged in manufacturing activities since 2008.Now he covered under Excise law as SSI limit was going to be crossed in March,2012.So accordingly he applied for Excise registrarion & obtained RC on 07.03.2012.The concern also comes under Tax Audit as per I.T.Act relevant to F.Y.2011-12.Subsquently he filed ER-3 for period 01.04.2012 to 30.06.2012 after considering Cenvat portion on Raw Materials of Rs.59648/- relevant to Purchases for the F.Y. 2011-12 & Stock As on 31.03.2012.

Now query is as :-

i) whether can he claim such Cenvat related to purchases F.Y.2011-12 even though RC Dt.07.03.2012 i.e. prior to Registration with Deptt.

ii) If yes the How to show in Balance Sheet as on 31.03.2012 as so far ER-3 rerun for April.2012 to June,2012 is not showing any opening balance as to Cenvat Balance along with JV entry in Books relevant to F.Y.2011-12.

please resolve me query at earliest as i am going to file ITR along with Tax Audit report.

Sir,
we have raised invoices of one of our buyer at landed rate charged as basic Rate instead of actual Basic Rate ( i.e.Landed Rate - Freight -CST- Excise = Basic Rate) for example if suppose P.O.for Landed rate is Rs.116.6072/- Basic rate of Landed Rate is 100/-after deducting 12.36% Excise,2% CST & 2Rs.Per kgs.Freight.

our marketing person did mistake while punching p.o.in sysytem.that he had shown landed rate , accordingly Invoices were issued , but said mistake noticed by our buyer , he had accordingly made payment as per calculating actual Basic Rate + 12.36% Excise+2 % CST & Rs.2 per kgs.Freight,

Now by mistake we have paid excess Excise ,& Return also Filed , how can we get excess paid excise from Excise Dept.to which excise Authority empowered to sanction,what will be the procedure, what documents require for evidence.

Vinay Karnik

1) Whether Cenvat, AED, SAD credit is available if charged seperately in the Invoice by suppliers of Cement/goods for Capital expenses for factory/machinery.
2)Whether same rule applies for Service tax.
3)Whether same rule applies for VAT.

Can a Invoice be billed to one party having CST No. to the account of another party with Excise no. and further delivery to third party warehouse with all related tax ID nos.
All are genuine tax payers but may have problem as one of the registration was not required earlier.

Sir,
we are engaged in the manufacturing process of Flexible packaging Film for which we require engraved printing Cylinder, but we have stock of Old & used cylinder which now unusable , we want to clear this stock as scrap on payment of duty,
pl.Note these are very old stock , we have no any purchase record, how can i calculate duty for payment. is this will be treated as old capital goods as such clearance

pl.inform right procedure to pay excise as per rule.

Vinay Karnik

Dear sir

I am working with Pvt Ltd Mfg co. having excise registration & import alu.scrap

sir there is problem please solve them

We have purchase used industrial cable from non exciable firm which is input ind. cable segrigation in our fac.& output Copper scrap,Palstic scrap & M S Scrap we have cleared all scrap with excise duty @ 12.36% so please when I fill ER-6 return what how can i show in return?

After the online application for excise registration of a new unit (Mfg) , what are the documents to be enclosed with the copy of application to be submitted to division ? if it is an Pvt Ltd Co.

respected sir/maam;
In case where we have to calculate assessable value for levy of excise duty from following information:-
1.cum duty selling price inclusive of sales tax@4% is Rs.60320
2.rate of excise duty applicable to the product is 14%.
3.freight(to be charged extra from cum duty selling price) is Rs. 2000.
4.discount allowed is Rs.2400.
whether we shall start first by deducting sales tax portion from Rs.60320 amount n then excise duty portion Or we shall first deduct freight and discount from Rs.60320 n then sales tax portion n then excise duty portion, to find out assessable value.

Dear Sir,

Can a manufacturer send material direct, from supplier to job worker as per excise rule, if yes what is procedure follo by manufacturer and job worker.

What is the accounting code to be used while making the payment of amount equal to excise duty through GAR-7 challan?