Revati Industries has a factory at Lonavala and two branches at Vapi and Silvasa. The goods are produced at a cost of 170 per unit. The transport cost to Vapi is 35 per unit and to Silvasa are 30 per unit.
Profit @20% on cost is added.
During March 2015, quantity manufactured was 25000 units. Out of this 7500 units were sent to Vapi and 6500 units were sent to Silvasa.
The sales during month were:-
a) Lonavala 9000 units to Local customer
Lonavala 2000 units to overseas buyer
b) Vapi 6500 units to local customers
c) silvasa 5500 units were captively consumed. Calculate excise duty payable @12.36%.

dear sir,

I am a small manufacturer of scented agarbatti.. I have no registrations.. And work from home.. is there any kind of tax if i want to sell packaged scented agarbatti from jaipur, rajasthan to jharkhand... And can i produce bill to transporter in such case?

Hi,

We have imported a machinery in our GUJRAT PLANT but due to some clerical mistake on Bill of entry, our PUNE PLANT address was mentioned, but the company name is same, the mistake had only happened in address of consignee as it should be of GUJRAT whereas it got mentioned of PUNE.

Hence please advise, if we can take credit of CVD and SAD for this transaction in our GUJRAT account. I am asking this because in bill of entry, there is no address of GUJRAT plant. Total Amount involved is Rs. 5.34 Lakhs.

Thanks

Hi Experts,

We are a Manufacturing unit and we have receive so many Raw Material Bills out of some bills didn't have ECC No of our unit but the same time supply unit ECC will no was available,

But we have taken a cenvat credit for those bills,

Is it will become a problem while CERA Audit. Pls Suggest to solve this.

Dear Experts.

Please advise that If Rate of Excise duty has been made to 'NIL' by way of notification. Is it mandatory

a) to prepare Excise invoice

b) to file excise return.?

Dear sir,

In last month return we submitted return with wrong assessable values, example as per below –

Commodity A –

Assessable value – Rs. 150/-
Excise duty paid – Rs. 15/-

Commodity B –

Assessable value – Rs. 125/-
Excise duty paid – Rs. 19.37

After total It will be correct but if we check commodity-wise then it’s wrong.

Please, suggest me what can I do in the same matter ?

hii guys..one of our client having bussiness of jeans manufacturing and they have crossed t/o of Rs.1.5crs in current month... they make a invoice after discount e.g. MRP Rs.1500 less discount Rs. 600 - Rs.900 net so can anybody help me for the excise duty application and at what rate?

Dear Sir,

is Free Issue Material Received from Party is Added for Excise Duty Calculation on Assessable Value or Not ? if Added then Under Which Section ?
Example :- Rs 50000 /- ( Cost of Free issue Material Received form Party)
Assessable Value ( Excluding Cost of Free Issue Material) Rs 250000/-

Dear Sir

Our management has suddenly decided to discontinue the business operations and close the unit. We are left over with huge Cenvat credit and Service Tax input credit balances. We are planning to export the left over Inventories to different units in the world.

Query: No.1

Is there any way in central excise / Service tax to claim the refund of left over balances. If yes what is the procedure

or

Can i export the inventories under payment of duty and claim rebates??

Query No.2

We are operating from a leased premises. My landlord is insisting us to provide NOC from the concerned Central Excise office by the date of vacating.

Under Central excise is there any provision existing to obtain the same. Or how to convince / satisfy my landlord.

Qty cleared 800000 pcs ( 20000 kgs). price Rs 10 per piece '50000. In combat account balance. assessee has failed to last dec 2016 to pay duty RS 5000 what will be the assessable value Notification applicable if any and how much maney he has pay this month with interest( rule 8)