Please tell me the detailed procedure to be followed in ER1 and ER6 in case of INPUT rejected and sold under invoice to dealer to reverse CENVAT credit.

We have issued the input from Store to the floor in the INPUT register and already claimed the CENVAT at the time of purchase.

How to record the INPUT (rejected) rcvd back in Store from floor in input register and how to show the sale of such rejected inputs

We are selling fixed assets which we had imported 1.5 years back. We did not take the CENVAT credit but we depreciated the full value of the Assets (including CVD) in our books.

Now during the sale, are we liable to charge a excise duty?

Looking forward to your kind input.

can any one tell me as to the rounding of excise duty?

I wanted to know whether the rounding of the same is made inclusive of cess or duty alone.

1. If we forget to take input credit of excise in previous month. Can we take input tax credit in next Month. For example Forget to take credit of a bill of June 12.Can we take credit in July 12?

2. Can we take Input Tax Credit For additional Duty Paid In case of Excise.

Tariff heading no 69029010 should be avail on cenvat credit , yes or no , this material is Fire Bricks use for rolling mill furnace ,

Dear Sir

I would like to know whether its mandatory now to maintain record of transport copy of every purchase or sale invoice under excise rules?


Thanks

Dear Sir

My query is about additional duty credit applicability...whether additional duty credit is allowed 100% in first year or 50% on Input or Capital goods?

Waiting for you earlier response.

We are manufacturer of electronic items & the unit is located in HP enjoying area based exemption.We wish to export our products to Nepal by road. At present we are not liable to pay excise duty on our products. I want to know :-
1. Latest procedure for the same, in short. (recently there have been some changes regarding the same)
2. Bond is also to be executed for the same. As at present we are not liable to pay central excise on clearance of our products, do we still have to execute the same? if yes..then for wot value/amount etc.

Thanx

Excise duty on our excise gate pass is 6%. On raw material and packing material we are paying excise duty at 12%. Therefore there is underutilized balance.

We are doing some work on labour charges basis in which we are receiving all material from that party. After conversion we are sending material through excise gate pass. Excise duty on this material is paid by them and credit is also claimed by them on their raw material.

My question is can we pay excise duty on material send to them as we have underutilized balance and claim refund from them.
They will claim credit on their raw material.

For conversion charges we are raising debit note to the party, in which we are not claiming service tax. Is this procedure followed is correct.

Who the actual manufacturer in the case of Brand product, that means seller(job worker) produce the goods on agreement with buyer(brand Company). Please Explain this query.