Hiiiii,


My question is what are the interest rates for late payment reversal entries and wrong availment.

1/ Also please give me details how to make payment of interest duty and which heads.

2/ How to calculates interest payment.

Please advise.

Thanks

Can any one foward me the copy of trade notice No. 63/2003 dated 09.12.2003 issued by CCE Pune III.
My e mail ID is mihirgandhi_84@yahoo.com

Please help me on Removing of capital goods for repair.


we import a machinery on 2009 and the subsequent cenvat credit availed and utilised. now i am sending some major parts of that machinery for job work in challan 57f3. should i reverse the credit availed, and the challan is enough for sending the parts to job worker.

any one please suggest me urgent.

Regards

Kumaravel.K

Dear Sir,

I Am An Importer And In Order To Pass On Duty Benefit To My Customers To Whom I Sell Imported (Goods) Items Directly , I Have Also Registered As A Dealer With Central Excise.

I Have Issued Invoices Which Need To Be Filed For My Quarterly Return.

In The “Dealer Return - Invoices Issued, Received " Page Under Heading :Invoices Issued By First Stage/Second Stage Dealer " I Could Entree All The Invoices Issued By Me.

In The "Document Based On Which The Credit Is Passed On" I Have Entered Bill Of Entry Number, Date Issued By Importer. Under Column “Registration Number", When I Enter My Registration Number - My Firm Name And Address “And Press Submit Button, I Receive The Message " Assessee Cannot Enter His/her Own Registration Number In: Documents Based On Which The Credit Is Passed." And Hence I Cannot Complete My Return and Submit.

My Principals From Whom I Import The Goods Are Not Registered With Aces And Hence Do Not Have Any Registration Number.

Thus I Am Unable To File Dealer Return,

When I Submit Manual Return With Department They Are Saying Do E-Filing.

So Kindly Help Us to File E-Return On Time,

Thank You

Dear Experts,

Please explain me if there is rejection from the customers....Cenvat Credit which they claimed during the clearance of home consumption can they reverse it and again eligible for that amount of Cenvat Credit?

I will explain that further more with an example.

Suppose On Nov. 2011 there is a customer rejection of Rs.100000 on the sales made during that month and previous months. The Cenvat Credit which they claimed at the time of removal for home consumption is Rs.10000 for that sale amount.
Since the sales return has happened can they again claim this Rs.10000 for the removal of goods for home consumption for the month of December 2011.?

1)If yes what are the rules to be followed?
Can anybody quote me the rules of central excise so that i can study that.

2)Some Sales returns are sold as scrap, in such case for that too whether they have to pay excise duty on that transactional value?

Thank u
With regards,
Rajesh.

Dear Experts,
The company in which i am put for the internal audit does export sales too.
They are eligible to get the export incentives as per the DGFT guidelines.

Suppose if they make export sales Rs.100000
They are eligible for DEPB for Rs.8000

They make an application to get that DEPB certificate amounting Rs.8000.

Then they sell it to the outsiders for 7000. Sometimes it may be even less than 7000 say 6000.

1)Please tell me is there any instituite guidelines as per AS-9 (revenue recognition) or any other pronouncement on how to account this eligible DEPB of Rs.8000. But the actual receipt is Rs.7000 or 6000.

Thanking you,
With regards,
Rajesh.
2)

Dear Sir, I have done online registration of Excise duty. please tell me we will have to submitte all physical document in department or need not. If yes than tell me how many days.

please help me

what is the interest on late e-filing of return of excise er-3 ??.

We are merchant exporter. We purchase goods including excitable goods from all over India and export it to Congo (east Africa). We purchase excisable goods on excise invoice; we want to take refund of that excise duty paid by us on purchases. Whether we need to register with excise or we can claim refund by non assessee code . what is the procedure of claiming refund ….

Dear All,

We are cement manufacturers having 3 manufacturing plants in India. We want to send clinker to other unit for producing cement.

Sending plant is already selling clinker to third party by paying ED on Transaction Value (ED @ 10.30%+200*1.03).

Now we want to send the clinker to other plant for producing Cement and selling the same from there. Now our query is that, what value to be considered for calculating Excise Duty on Clinker Transfer.

Note: Company is having same PAN Number but ECC numbers are different.

regards
KMB