Dear Sir,

As per opinion of our excise auditor the grinding wheel & like used for cutting our pipe fittings to be capitalised and cenvat credit 50% only in C.Y. & 50% in succeeding year.

But in our general practice the grinding wheels are used only one time merely for 5 to 10 minutes on running mode after then it becomes scrap and useless. Since our industry is a metal industry on account of that it may not seem to be justified to capitalised such small things.

please give me a proper advice on the above matter whether the opinion of Excise Auditor is proper or not.

Dear Experts,

we are in manufacturing unit and getting Central Excise registration for the same. which we have received after one month date of application. we have purchase capital goods and raw material which we have purchase before the regn. i just want to know shall i take the cenvat credit on those capital goods and raw material.

pl advice

regards
Rajendra Bhalerao

I am presently undertaking a audit wherein abatement for the purposes of excise duty is 35% on MRP.Thus excise duty is to be calculated @ 65% of MRP.
But i noticed that it is being calculated @ 65 % of MRP or INVOICE PRICE before trade dicount which ever is higher.
iam informed that the goods are chargeable to excise duty as per MRP basis of VALUATION.
Is this treatment correct??

Dear Sirs

We are manufacturer of M.S Pipes of all diameter & now we have 1 order in our company, in which party want to split the P.O in two portions which is as follows.

1/ Party will give us P.O, only for Bare Pipes. (M.S Pipes)
2/ Same Party want to give one another order for coating work on Bare Pipes in which purchaser party will provide all the coating material for coating on their Bare Pipes (Goods of 1st P.O) & we have to engage only Man Power for this particular Job Work.(Coating on Bare Pipes)

Now the question is how we will raised the Invoice to party when goods will be ready & what type of Tax we have to charge (ED or Service Tax) in above said situation.

You are requested to give your valuable opinion & Advice.

One imported machinery purhcased same has been transfer to our sister concern at time of purchase we have taken credit of additional duty now excise authority has been given me a notice that you have to pay to the additonal duty at the time of transfer of that machinery to sister concern. This is correct . We have to pay the addtional duty.

Nitin Haldikar

Ours is a Manufacturing firm in Excise free zone of Himachal Pradesh.

I wanted to know what excise registers or books we need to maintain in this scenario.
AND ALSO
Where can I get the list of tariff headings and can know under which tariff heading I firm lies.

Can we take Excise credit on Batteries?

We are a manufacturing company paying duty on excisable machinery ,in our invoice we are adding packaging and forwarding charges but paying duty excluding pack and forwarding.

Now the central excise demanding duty on packaging and forwarding charges with reference to some circular.But we maintained that this machinery not needed packaging .Please tell the its merit of the case

Dear team,

I am working with a manufacturing company as an accountant. Our unit is 100% EOU, now it is to be renewal in sept 12, So I request you to provide me the check list for renewal or suggest me any reference material

our company is an 100% EOU, we are purchasing many items which are covered by excise rules, Can we take the credit of the excise amounts paid on the materials purchased for manufacture as well as Capital goods used in the process of manufacture.