Is Only those manufactures who are not taking any import benefit like DEPB,DEEC,Advance licence can do export under LUT/SRP?

If yes than please provide me the notification number/circular related to this.

Dear Sir,
We have a manufacturing plant in maharashtra and depots in all over india.All our depots are registered with excise as"Manufacturer's Depots". Now we are transferring excisable material from plant to our depots and depots are selling that material to our customer and just pass on the excise what we charged at plant level. For e.g. suppose we transferred material @ 100/- to our depot with excise of Rs.14.42 on that, further our depot is selling that material @ Rs.125/-. for additional Rs.25/- we are paying differential duty. This is what we are following, now my query is if our depots is selling material @ Rs.125/- can my depots charges excise on Rs.125/- ? Can customer get cenvat on Rs.125/- ? What is the excise procedure to pay additional duty collected from our customers ? Any Special registration required with excise for Depots to do above things. ? Which return I need to file for my depots ?

Sorry sir, lots of questions i am asking at one time...

Waiting for your expert reply...

Thanks in advance...

Rajesh S Patankar,

Hello Sir,

I want to ask a question whether a Company having two Manufacturing Unit in same city can one unit transfers Credit of Excise Duty to another unit if yes then how ??

Thank You

This is the first ER-8 return we are trying to upload through online system. We are manufacturer of a product where 1% rate of duty is applicable.we are facing uploading a problem. we failed to understand the reason. Can anybody please is having a similar issue?
Secondly, in the return against a specific BSR Code of a particular SBI bank code is also asked, the BSR code belong to a collecting branch of SBI chennai but we are unable to understand the bank code which we will be giving. we asked our SBI branch of Kolkata who provided a three degit bank code which again is not accepted in return. Can anybody please help what to do and how to get rid from this problem?

Dear All,

We got one vendor who is covered under excise has sold one Tool to us without charging Excise duty, since as per him he has done only some development on that tool and the tool was purchased from an party who was not covered under excise.

My Queries are :

If an party who is covered under excise can sell goods without charging excise since the tool which he has purchased from the party was without excise duty

Under which rule it was covered .


Regards.

Rajesh Kotkar
Company Secretary & Inter ICWA

wheather time of invoice creaton and time of removal may be different by 2 days or more days. plese reply ,most urgent.

Sir,
What will be accounting entries in the books for importer/1st stage dealer for CVD Paid and pass on to the dealer/manufacturer/consignee.
What accounting standard of ICAI Says on this.

Dear sir,

can u pls tell me what are the procedure for a traders for filing excise return who just passed out the excise duty from suplier to customer?

is it mandatory for e-filing for such a trader ?

efiling is mandotry for those assessee who paid more than Rs. 10 lkhs including cenvat as excise duty in preceding year therefore in such a case a trader does'nt paid any excise duty so he should'nt require e-file excise return.

pls solved it as early as possible....waiting

Pls let me know the commercial procedure for the services we offer :

1. Application and Supply of Bituminous Waterproofing Membrane (HS Code No 68061000)
2. We shall be importing the membrane from Dubai as per HS No and pay the customs and relevant duty at the port (kandla) and get it to Ahmedabad or thru inland imports at Container Freight Station - Adalaj Abad – from there by road to our stock yard.
3. The job done at the client lumpsum of material supplied and application job work. So sud we have billing internally done for material consumed and job work for taxation / duty norms.
4. Pls let me know what is duty implied and what sud be accounting procedure followed. Wud there be any VAT applicable.

A munufcturing unit receives back materials from customer. The unit takes the creadit of returned material u/r 16.

Now the party has to resell the materiall to another party but the prices have gone up since the materials were returned.

Under the premises can the unit charge duty according to the present transaction value and charge duty accordingly, if so whether differential amount of duty needs to be in PLA or centvat credit in full can be availed.