I have a query regarding myself being involved in a trading firm. I'm a CA Finalist in my article-ship. I need to open a firm on my name for trading of corrugated punched sheets to get the benefit of 1.5 Crores of sales. I need to ask if there will be any problem for me in near future being a CA Student involved in such kinda business.

In case of Capital goods,one has to avail and utilize 50-50% of excise in present FY and in next FY respectively.So while filling ER-1 should i put only 50% availed amount for Capital Goods??

If so,

Then what about the remaining 50% i am going to utilize next year?? Is it again shown in ER-1 of next year??

Dear Expert,
Whether credit of service tax charger on telephone exp will be available for the payment of excise duty?

Dear Sir,

I need to know about "High Sea Sales" so please lets me know about it....


Regards
Keshav

Dear Experts,
Please explain me the Excise document procedure for the following incident;
ours is a Manufacturing unit, only having domestic sales and we are Importing some Capital goods, Inputs against CASH paid BE.
Now we want to send our Capital imported equipment which is under repair to its original supplier in Foreign country for repair purpose.
Please give which documentation & supervision required for this?

We are the manufacturer of Corrugated Boxes having Excise registration. we purchase the finished good from any party (Which is not Excisable Unit). We want to sale these Boxes. Can we do trading of Boxes by other bill book or only by Excisable bill? What entry will be done in RG I for those Boxes, if Excisable Inv. will made?

Sir,
I am Working as a AM-Finance in a new manfacturing company since commercial production not yet started in my company .

My Question is- Total cenvat on capital Goods are Rs 25,00,000/- and i take Rs 10,00,000/- in March-2012 and Rs.15,00,000/- in April-2012 as a Cenvat input on Capital Goods .To my Knowledge 50% of Capital Goods to be availed in present year and another 50% availed in next subsequent year means 50% on Capital Goods applicable when utilisation of Cenvat on Paying Excise duty for sale.
Is it Correct or Incorrect.

If it is Incorrect then how should i rectify my problem

Kindly respond my problem and do your best

Sir

Good Morning

What is the Excise Tax Accounting code for paying Interest through E-payment. Can you please refer the section, para & page number mentioned in the Excise manual.



Regards

Amit ku.Thakur

Is it mandatory in law to have shop or regn address in commercial area can firm face any kind of problems if they get residential property registered in excise or as companies registered address??

In case of excise registration of a new firm which is not having any bank a/c can we use saving a/c no and details of partner while filing aces form on site or only current a/c no is to be provided?