Hi
I am in the process of setting up a foreign company in India. The business plan is to start with full import of machines by the Indian customers. And in parallel I would like to set up an Indian office, and start offering various services to Indian customers such as machine erection and commissioning, operator training etc and also the spares sales.
My question is
1. what are the tax implications in first scenario (Excise/VAT/Service tax etc)
2. what are the tax implications when i have an office in India and start offering services and spares

i would like to have some one as my consultant to set up this firm. please share your contact details


Best Regards
Shreejesh

There are 5 parties are involved in a business, say A to E. (all are registred in Excise) imports the goods and sale goods to B by charging CVD, Adl Duty. Now B sale to C, C to D and D to E who is a manufacturer. Now the question is how Cenvat will be passed and whether E will get Cenvat credit setoff ?

Pl reply on urgent basis.

Thanks.

Valuation of goods which are consumed shall be 110% of cost of production of such goods. However, we were informed by one manufacturer that only cost of production as per previous year audited financial statements are considered for above rule. No relevance is give to record ascertaining actual cost of production of goods actually used for captive consumption.
please clarify

I want to know whether Excise duty is payable if we have purchase goods ( Footwear) from manufacturer and sale the same under our Brand name. (Manufacturer is cover under SSI Exemption limit)

Dear Experts, our mfg concern is going to send the finish goods as sample to it's debtors, plz clarify weather ED will be paid on sample goods or not if yes in whome name name the invoice will be made.... Regard Akhil Goyal

Dear Sir,

Please give me a Details about Annexure C-1 for Export & it mandatory for every Shipment?

Dear All,

I need a suggestion for Cenvat Credit taken against Excise Duty Payable.

1.Service Tax Paid on Factory Machinery AMC Charges.
2.Service Tax Paid on factory Rent Charges.
3.Service Tax Paid on Purchase & Installation Service of Capital Goods.
4.Service Tax Paid on Professional Services.
5.Service Tax Paid on Inward/Outward Cartage Charges.

Situation:
1. Company A is a manufacturer paying excise duty on final product.
2. Company B is a trader/ service provider
3. Agreement entered into between Company A & B:
a) Company A will sell final product to Company B
b) Company B will export the product

Query: - Is any exemption for excise duty leviable on final product available to Company A or Company B?

WE ARE MANUFACTURING SAUCE UNDER TARIFF NO.210390390 & TAKING ABATEMENT
35% AS PER NOTIFICATION NO.11/2011 & CHARGE EXCISE DUTY 2% AS PER NOTIFICATION NO.1/2011.
IN YOUR PREVIOUS REPLY YOU SAID THAT WE ARE ALSO CONCERN WITH NOTIFICATION NO.1/2011.& ABATEMENT IS NOT ALLOWABLE .BUT WE ARE PUZZLING BECAUSE NOTIFICATION NO.11/2011,ALSO MENTIONED 35% ABATEMENT ON SAUCE.

YOU ARE REQUESTED TO GUIDE WHY WE ARE NOT ABLE FOR TAKING BOTH ABATEMENT & CHARGING CONCESSIONAL DUTY 2%.

YOU ARE AGAIN REQUESTED TO CLARIFY PLEASE.

THANKING YOU,

REGARDS

RAJKUMAR GUTTI

Dear Expert

please advice me whether we can take Cenvat credit of excise, if we have received material free of cost (FOC) with excise invoice and in Excise invoice has breakup of excise .Nothing will be paid to vendor.
.
please let me know with reference of Rule/Act/ notification.