1) We are ABC Pvt Ltd. registered under central excise for manufacturing division. We have received a order from BBC Pvt Ltd for manufacturing XYZ which includes product X & Y as raw materials and our offer value is of Rs 500000/-(we have not consider cost of product Y as it is going supplied on free basis by BBC pvt ltd which is costing to Rs 550000/- because BBC Pvt ltd has a rate contract with his supplier and he gets product Y at discounted rate has compared to other suppliers). So how this transaction will be done without violating the excise rules.
2)Same as above Question no 1 only difference is we have received order from BBC Pvt Ltd. but Consignee is XYZ Pvt Ltd which is a SEZ Unit and excise duty is not applicable under ARE 1 which we will receive from XYZ. So how this transaction will be done without violating the excise rules. how to proceed with transaction if goods are supplied by customer of RS 550000/-.

1) We are ABC Pvt Ltd. registered under central excise for manufacturing division. We have received a order from BBC Pvt Ltd for manufacturing XYZ which includes product X & Y as raw materials and our offer value is of Rs 500000/-(we have not consider cost of product Y as it is going supplied on free basis by BBC pvt ltd which is costing to Rs 550000/- because BBC Pvt ltd has a rate contract with his supplier and he gets product Y at discounted rate has compared to other suppliers). So how this transaction will be done without violating the excise rules.
2) Same as above Question no 1 only difference is we have received order from BBC Pvt Ltd. but Consignee is XYZ Pvt Ltd which is a SEZ Unit and excise duty is not applicable under ARE 1 which we will receive from XYZ. So how this transaction will be done without violating the excise rules. how to proceed with transaction if goods are supplied by customer of RS 550000/-.

pls let me know while filling ER3 electronically of Excise in sheet namely "Payable" under head "Duty Payable for Clearance" in duty head I had put Cenvat, Edu Cess & Sec Edu Cess which tariff notification to be entered & serial no .of it in case of Garments CETSH 48239018 & in sheet "Paid" in Details of Duty Paid Credit Account & Account Current what does it mean

Recently Fabric Garment Jobworker liable Excise duty please let me know ER1 ER2 & so on. Which form to be filled while filing excise return

plz tell me
"how we know that an explanation have retrospectively effect or not"

Please explain me difference between LUT letter undertaking and advance license

refund is not available when the incidence of duty/interest is passed on.

Kindly explain incidence passed on.
thank you

A client of mine has availed cenvat credit in plant & machinery.It is the credit availed for previous months and not of the corresponding month.

I would like to know how this should be shown in books of accounts.

Can this amount be shown as income in P&L account?

Please tell me about point payment of Excise duty

1. On completion of Finished Goods and trf to warehouse
2. At the time Sale to buyer
3. At the time of Stock trf to Buyer (e.g.Sale on Approval Basis)

is there any option to select any one Basis

OUR COMPANY IS AN UNLISTED PUBLIC COMPANY. THE COMPANY GET A SALES TAx remission u/s 41 OF THE WBST ACT. THE COMPANY SHOWED THE REMISSION AMOUNT ON THE CREDIT SIDE OF THE P/L ACCOUNT EVERY. AT THE TIME OF EXCISE AUDIT, THEY MADE A SPOT MEMO THAT WHY EXCISE DUTY SHOULD NOT BE PAID ON SALES TAX REMISSION. THEY WRITTEN INTHEIR SPOT MEMO THAT THIS IS THE PART OF THE COST AND EXCISE DUTY SHOULD BE PAID. BUT AS PER SECTION 4 OF EXCISE ACT EXCISE DUTY IS PAYABLE ON PRODUCTION COST + PORFIT NOT ON SALES TAX. SO KINDLY PROVIDE ME ANY CASES ON THIS MATTER TO SOLVE OUR QUERY WITH EXCISE DEPARTMENT.