A unit was providing services & partially manufactures goods.Service tax being paid & for manufactured goods SSI exemption were availed being sales below Rs.1crore. During the year 2006 uint have availed CENVAT credit on Capital goods & the same being used for payment of services(75% padi in cash & 25% utilised from CENVAT on capital goods).The balance to the Cenvat credit was Rs.250000/- as on 31.3.2009 remained unutilised as we stop rendering services.In 2010 we have started paying excise duty on manufactured & utilised this credit available in Service Tax records, transfering the same in excise records. Is this permitted. Excise people saying to reverse this amount as this credit was availed in Service Tax records & you can use only for services & not for manufactured goods.

Dear Sir,

After crossing basic excise exemption limit of 1.50 crores and took the regn no.in Oct 11, we came under excise and started charging the same from 18.10.2011, to our customers. Now, a customer is returning back the goods which were sold before excise was applicable. Pl. guide me, how to make entries in excise records ?
Also, this returned goods, we want to return to the party from whom we had purchases at that time. Pl. guide me how to clear this goods for that party from excise point of view ? ? Do we havt pay excise while sending back the goods to the aprty from whom we had purchased ?
thanks
anckoora

Dear sir,

With Reference to the above subject by mistake i have filed excess of rebate in ER-1.can i revise this problem. if yes what is the procedure?

Dear Sir,

Kindly give me the chapter Heading No Of Medical Equipment & Spare.

Thanking You,

Warm Regards,

Avinash Bhavsar

How many years tax exemptions for excise, service tax, VAT are available to a company in SEZ?

RESPECTED SENIORS,

PLEASE TELL US ABOUT ER-6 RETURN ( WE HAVE 3 UNITS CONTAINING SEPARATE ECC CODE IN THE SAME NAME ) OUR QUERY IS :

WHY WE SUBMIT THE ER-4/5/6/7 RETURN WHEN OUR CENVET + PLA IS LESS THEN 1 CRORE FOR EACH UNIT.

BUT WHEN WE CALCULATE THE AMOUNT OF ALL 3 UNITS TOTAL AMOUNT OF CENVET + PLA COMES MORE THEN 1 CRORE

One of client is doing job work and he is not liable to pay excise duty under notification 214/86. so my question is that whether he is liable to service tax as job work is one of the taxable service under the Service Tax ???

Hi
I came across a back calculation for determine the assessable value, here it is

Tender price - 217391
Less Loading/unloading- 250
217141
Transportation- 0
Less Excise Duty on Raw Material 16587
200554
Less Vat@15% 0
200554
Less Excise@10.30 18728

Duty Payable on- 181826

What i am concerned about is why has he debited the amount Excise duty on raw material 16587...It is urgent , please Help

We are an SSI unit opted for duty payment from 1st April from itself without taking 150 lacs exemption benefit. We have shifted our factory to new premises during July after reaching 50 lakhs turnover. While shifting we have surrendred the license.
After shifting we have not taken license till we reach 150 lakhs and cleared the goods without payment of excise from 50 lkhs to 150 lakhs and obtained license once we rached 150 lakhs.

Are we correct in doing this or is there any liability as we did not take licese immdlty after shifting.

Hi,

We are producing the sweet biscuit and chocolate products, the products are come to under section 4A (MRP base abatement)
But we are not making the calculation of excise duty under section 4A,(MRP base abatement), we directly pay the excise duty on transaction value, and excise duty value is more than excise calcu. of abatement.

However excise department is saying that you have to make calculation of under section 4A, (MRP base Abatement ),

Actually we are having more than 400 products and it is difficult to calculation of all these in our excise software, so as we decided that pay the duty on transaction value,

Is there any clarification from department if somebody doesn’t want to take the abatement is like.

OR
Can you please suggest on the matter,