Respected Sir,

At the time of deboinding from 100% EOU scheme, please confirm that deprecation charge on capital goods from start of commercial production date OR date of purchase capital goods.

I am a Registered Excise Dealer passing MODVAT as First Stage Dealer to my customers. In one particular case my customer is an SEZ Unit who is ready to give Form ARE-1 to exempt Excise. My principal company(From whom I am purchasing the goods) is an interstate purchase with 2% CST against form 'C'.

How do i carry on this transaction?
Is it possible for First Stage Excise Dealer to avail benefit of ARE-1 Form?
What will be the precautions to be taken if this is possible?

Thanks in advance for your response.

Dear Sir,
Kindly see my following example:

There is start of plant & there is 'No' opening Cenvat Credit.

Excise duty of inputs purchased- 3,00,000
Excise duty of Sale during month-5,00,000

Is I am saying right that , now we have Cenvat credit of Rs. 2,00,000.

Now, Suppose every month , the equation is such that , excise duty of sales is never greater than (excise duty of purchase + opening credit).
Will one have to pay any excise duty during whole year. as we have cenvat credit for whole year.
If, Yes . why. as we have credit
If,No. why. as I have seen that some pay duty in PLA although they have credit.they do like following, let's Suppose :
opening 50,000
ed of purchases 3,00,000
------------
3,50,000
ed of sales 3,00,000
-----------
50,000

The ed of sales entered above is by substracting ed on sales of whole month say rs. 500000-excise duty paid for month through PLA RS. 2,00,000.
I want to know why they paid rs. 200000 through PLA . how the figure is arrived at?
I think it should be like this.
opening 50,000 + ed purchase 3,00,000 - ed on sales rs. 5,00,000= Rs. 1,50,000 (Net payable)
How this Pla came into and there is still rs. 50,000 credit in my former example.
Kindly give the reply as soon as possible as these concepts are very urgent for me.

Is there any notification which exempts assesses to pay excise duty in any state of India?

we have purchased raw material in march 2012 (before budget)form registered dealer. at that time the duty is 10%.
Now we wants to return the goods as clear as such. The duty of raw material is 12% (after budget)

The Question is that which percentage will be calculate for clear as such ?

remember that purchase from reg. dealer

Hello all,

one of my client is excisable firm.

They received input - excisable as well as non excisable.

When they receive excisable input, the same will be entered in Input Register and then issue to Process Register.

Now wen he receives the non excisable input, how to account for the same.?

should i need to enter it in excise input register n then isssue to Process register ?

or should i directly add to process register as an input.?

Kindly guide me...

Thanks in advance

Hello everybody

Can anyone kindly suggest can we take the excise credit on the input material bills though the address is different.We had shifted our factory to a new one and we had intimated our supplier too to change the address but still they are sending the consignment under the old address. In such case can we avail that credit.Pls help

Dear All,

I have converted Partnership Firm into Private Limited Company. Kindly guide me whether i required to apply for New Excise/Service Tax & VAT No or i can continue with old that is allotted to Firm?????

Sir,
my Query is here
(1) A name party who is foreign based company
(2) B is jobworker party in india who is manufactureing Machinery onbehlaf of A with all Raw material
(3) now A is want to sale this machinery in india direct from Jobworker gate

My question is how can i invoiceing of this goods
who is payeble excise duty jobworker B or Main party A ?

lastly financial beneficary is Company A who is out of country

Sir
One of my client, who commenced Manufacturing during January 2012, and their turn over likely to exceed Rs 150 Lakhs during this year, whether they are eligible for CENVAT Credit on Capital Goods of Plant & Machinery purchesed during 2011-12?. Pls note that their turn over for 2011-12 is Rs 50 Lakhs only and not having CE registration.
RGDS