TO ALL,
GREETINGS OF THE DAY,

I ASHISH KUMAR NAMDEV AS AN ASTT. MGR.A/C IS IN A WHEEL MFG.UNIT UNDER GOING ESTABLISHED ,IS IMPORTING MACHINES FROM UK ON EPCG BASE(6 YEARS) & DUTY PAID ON PORT BASE.

PLEASE CLEAR ME THE FOLLOWING ISSUES.

1-UNDER EPCG PURCHASE OF MACHINE WHICH DOCUMENT I HAVE TO MAINTAIN ,REPORTING ON WHICH TIMING TO WHOM,IN WHICH FORM NO. PLEASE PROVIDE.

2-WHAT IS THE BIFERCATION OF DUTY PAID ON PORT BY US AND WHICH DUTY IS TAKEN AS CREDIT ON CAPITAL GOODS UNDER WHICH RULE PLEASE GUIDE ME WITH EXAMPLE & NOTIFICATION.

THANKS

ASHISH KUMAR NAMDEV
+91-93680-28604

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.