We (Larsen & Toubro Ltd) are executing a construction turnkey contractor for Karnataka goverment. Part of this contract,we have procured supply materials from various vendors and the price variation for such supply materials are applicable as part of the contract.

Now, while calculating price varition bills, our vendor has claimed with us the price variation amount of the materials including Excise duty and Central Sales tax. we have paid the same to our vendors. However, while we claim the price variation bill with our client, they donot accept the excise duty and CST amount.
kindly clarify whether excise duty and CST is applicable for the price variation bills.

from when the higher rate of excise duty will be applicable..............

can we make invoices today (Budget day) still on the excise duty @10%.....

Please help................

We have exported the Biscuit making machinery to Shri Lanka after submitting the letter of undertaking (LUT). The said machinery was rejected by the customer.Now Whether duty will be payable on export received after rejection or not?

Respected Sir,
can any NGO take Excise Registration ?
if any NGO purchase material and assemble it it in kit form and build any house or school then in this activity, can NGO take Excise Registration?

Hi friends
plz help me out with this query ...
An assesse purchases raw material (Yarn) and manufacters finish product (Fabric) .
Now, he pays excise on Yarn .... bt dere is no obligation to pay excise duty on Fabric to be sold .... so he cannot book CCR ....
is dere any way by which this excise duty can be saved ??

Kindly let me know the accounting entry for duty passed on input removed as such.

Sales : 110 (10 is duty passed on)

so how to pass entry in our books for this transactions.

Respected Sir,
if an excisable unit send goods for jobwork by issuing challan under annex 158(ii) to an jobworker(excisable manufacturer) then that jobworker can make an excisable invoice when sends the goods after processing to the sender.

Respected Sir,
How to take entry of export Rejection in excise,do we have to follow any procedure with the excise authorites.

Is It compulsory to take a new registration No. after a DEMERGER of a company...?

For Example :

X ltd has three division namely A , B , C.

(PS : All three Department has different excise registration No.)

C division is take over by Y ltd.

Query : is there any requirement under the act for taking a new registration No. for excise of C division...?

Dear Experts

Our company purchased 2600 Kgs of Copper from Mumbai thrrough Excise Invoice. Out of this some qty i.e. 60 kg's of material rejected. Now we want to reurn the rejected materials to the supplier. Please suggest the procedure ?

1. Shall we raise the excise invoice for 60 kgs rejected material for purchase return ?

Can anyone explain me the procedure of return partial goods ?

Thanks in advance.

Regards
Jayaprakash