Purchase of raw material Rs. 10000000/-
Sale of Finished Goods Rs.7000000/-

Closing Stock
Raw Material Rs.1000000/-
Finished Goods Rs. 3000000/-

All figures are exclusive of excise duty @ 10.3%

Kindly guide me the accounting entries to be entered and how these figures will be represented in balance sheet

can anybody tell me how we can calculate duty on hand made biri

What is Rule 11 u/s IDT. How to account the Invoice

Dear All,

We are manufacturers of aluminium / upvc doors and windows in india. We would like to export doors and windows from India to other countries.

Our raw materials ( aluminium / upvc profile) attracts Excise duty @ 10.3%. While exporting of the goods whether we need to pay excise duty on our finished goods.

1. If paid, when we can we get eligible to take back of cenvat cr.
2. Is it possiable to export the materials without making the excise duty through debiting ct1 bond.
3. what would be the eligiblity for getting the ct1 bond from excise authorities.

Please guide us any other scheme available to export the goods without making the excise duty payment.

Regards

Ramesh

Dear All,

We are manufacturers of aluminium / upvc doors and windows in india. We would like to export doors and windows from India to other countries.

Our raw materials ( aluminium / upvc profile) attracts Excise duty @ 10.3%. While exporting of the goods whether we need to pay excise duty on our finished goods.

1. If paid, when we can we get eligible to take back of cenvat cr.
2. Is it possiable to export the materials without making the excise duty through debiting ct1 bond.
3. what would be the eligiblity for getting the ct1 bond from excise authorities.

Please guide us any other scheme available to export the goods without making the excise duty payment.

Regards

Ramesh

Can A person operate as a dealer and a manufacturer from the same premise.

what is the difference between ER1 and ER3?

what is the turnover limit for a manufacturing company for excise duty applicability?

I want to know whether PLA register in excise is Compulsory to be Maintained,If not maintained then what will Happen?Because what ever PLA comes i write on the ER-1.

Respected Experts,
These doubts are with regard to availing the Service tax input credit on the input service. Please clarify me.....its very urgent for me.

1)Are we eligible to take cenvat credit on the input services such as consultation from the professionals, telephone charges, Rent etc. If yes please quote the section whether as per Cenvat Credit Rules or Central Excise Act?

2)Can we also claim the service tax paid to the bank for their services towards us such as Bill discounting, Issuing LC and all other services for which service tax is applicable?

3)Someone in our office has said that except banking services everything can be claimed...Is it True?

Thanks & Regards,
Rajesh.