My organization is in retail trade business. Goods both imported and local are being purchased in bulk and stocked in the warehouse. These products are later sorted, barcoded and labelled displaying the price at which the company wants to sell them, company address and contact numbers. There is no change/ transformation in the product. At times these are also repackaged wherein two or more products are sold by the company under some promotional schemes to the customers through its retail outlets. The products bear the company price tag along-with the MRP. The MRP is permitted to be displayed as it is without any change. This is done to make the consumers aware abou the savings they gain by shopping with us. Very recently our internal auditors have asked us to get retgisteration under the Central Excise Act and start paying for the excise duty on account of being covered under the realms of being a Deemed Manufacturer under Section 2(f) of Central Excise Act, 1944.
Through this medium, I would like to get an expert advise from our esteem expert members over the applicability of excise on the the retail trade opeartions of my company.

Sir, I am having registered unit in central excise. I want to send material for job work to another Unit (which is also under my proprietorship but presently no activity and no registered assessee in CE) from my this premises and will come again in my present premises. I want to know following : (1) if any permission or intimation is required or only intimation is sufficient. (2) I want to keep 'No registration status" of another unit to avoid zero vale ER1 because i want to start that unit only for Job work of my present registerd unit. Please suggest so that i can decide for long term basis.

Capital goods removed after partial use : Under this rule assessee is eligible for credit on the basis of qtr the capital good is used. If for example assessee recd CG on 1/10/2013 and removes after partial use on 31/03/2017 then it will be 14 qtr now my que is what if assessee recd CG on 17/09/2013 and removes it on 11/02/2017 how qtr will be calculated ?

If i buy goods from other state in c- form
Please answer me some doubts

How much tax i have to pay
On base rate of goods.

Weather i have to pay excise + vat on x factory price
Or i have to pay only c form 2% on x factory price

Please reply

1. can we claim custom import duty againist Excise
2.can we claim Excise on Purchase of asset againist normal excisable goods sold

Dear All,

As per Budget 2016 readymade garments industry to face 2% excise levy.
We have 2 factories & 1 warehouse and exclusive 30 retail outlets of our own.
1. Whether required take Excise registration for only 2 factories?
2. Goods transferred from factory to warehouse and from warehouse to retail outlets. Whether all retail outlets to be registered, as sale will be from retail outlets.
3. Excise duty to be paid after goods removed from Factory to Warehouse or after removed from Warehouse to Retail outlets or after sales from Retail outlets.

Please help to me solve above queries. Thanks in advance.

Sir, we have a manufacturing company producing tobacco and paid machine based excise duty thereon therefore not taken any cenvat credit. Now we also sold scrap of packing material generated out of packing activity of tobacco. Whether it is required to pay excise duty on sell of scrap generating out of packing activity. Please refer section no. also ..

Dear Sir
If a factory transfer the goods to depot on basic price Rs.10.00 per pices / kgs but his depot the sale goods on Rs.9.00 per pices / kgs it means less price sale the goods through depot.
here is one question raised we pay the excise duty @12.5% on hire price but depot duty charged the less price so my thought is what can do the paid excess duty on said goods
kindly give us advice we adjusted the same the duty from payable depot duty or we pay the same duty of our Factory
Also we want the central excise rule also for this issue.

Treat Most urgent.

Regards
Gautam

Sir/mam, plz can anybody give a detailed info about the rules n applicability of the matter of 1% of excise on jewelry business. I am a goldsmith and want to know it in detail all about it n its rules. even links will do :-)

A jeweller is engaged into manufacturing as well as trading of jewellery. His turnover from manufacturing during f.y.2014-15 is Rs.11.00 crores and from trading is Rs.5.00 crores. Is he eligible for registration and payment of excise and not eligible for SSI exemption?

Does turnover includes both trading and manufacturing turnover?