Guest
This Query has 5 replies

This Query has 5 replies

07 August 2011 at 09:08

Taking credit

Dear Sir,

Please differentiate between 'taking credit' and 'utilising the credit'.

Thank You


Kumar Gopalan
This Query has 2 replies

This Query has 2 replies

Dear Sir,
One of our customer is in SEZ zone. 100% doing export. They are subcontracting a portion of their job to a Chinese company. They place order on us (in India) to supply some spares for the job. We inturn, advise one of our group company in china to supply spares for the said subcontractor in China. Our group company will Invoice us and we invoice to customer in India in Indian Rupee. The customer will receive the semi finished goods (together with spares supplied by our group company) from China and complete the work in India before finally exporting to Nederland. I would like to know, since the goods supplied in China is coming back to India, our customer is feeling that they are violating rule because they don't receive the spares in its form but in semi finished form, where as the payment will be made in INR to us in India. Is it violating either excise or SEZ rules (or FEMA since the payment by customer is in INR whereas the good originally supplied by our group company in China).. Please advise.
Thanks & Regards
Kumar


Hemant Joshi
This Query has 1 replies

This Query has 1 replies

Dear sir,
I would like to know step by step procedure for Excisable Goods sold to Cust.who have EPCG License.also whant clarification at the time of removal of excisable goods from our manu.site, we liable to pay excise duty or not. with concerned Noti.Circular Ref.

Thanks,

Hemant Joshi
+919426512751
hemant_joshi1966@yahoo.co.in


Amit Kumar Roy
This Query has 2 replies

This Query has 2 replies

06 August 2011 at 16:28

Valuation of closing stock

What journal entry we should pass for valuation of closing stock so that it include excise duty.Is there need for the reversal of the same.


Guest
This Query has 4 replies

This Query has 4 replies

06 August 2011 at 15:57

215 elt 3 - bombay dyeing (sc)

Dear Experts please explain the ratio of the case law-
CCEx. v. Bombay dyeing & Mfg Co. Ltd [2007]
215 ELT 3 (SC)


Guest
This Query has 1 replies

This Query has 1 replies

06 August 2011 at 15:38

Instruction number...

We very frequently see Instructions from CBEC.

I am aware of notifications and circulars.. but what are instructions?

Is an assessee liable to follow them compulsorily like notifications or are they optional like circulars..

circulars are compulsory only with regards to procedural directions. Not if they are disadvantageous to the assessee.

What are instructions??


Jitendra Kumar
This Query has 1 replies

This Query has 1 replies

Dear Sir,
If a manufacturere of Auto Parts wants to sell his Exciseable products on M.R.P. U/s 4A.

What are the Statutory Obligation to follow this regarding Excise Department.

What type of Excise Register will he keep and when will he file the return and its Type ER-1 or any.

Please reply it soon.

Thanks/
Jitendra Kumar


CA. Niranjan Kumar
This Query has 7 replies

This Query has 7 replies

06 August 2011 at 11:50

Export procedure

is the following situation legally possible under central Excise Rule, 2002:-

(1)procure the material without paying the duty under rule 19 and export the final product after paying duty and then claim the refund of duty paid on final product under rule 18 of central excise rule, 2002.

(2)procure the material after paying the duty and then claim the refund of duty paid on material under rule 18 of central excise rule, 2002 export the final product without paying duty under rule 19.


Ameet Kumar Thakkur
This Query has 1 replies

This Query has 1 replies

06 August 2011 at 10:02

Sez unit excise registration

Sir

Is it mandatory for S.E.Z & E.O.U units for Excise registration ? And what are its formalities for registration



Regards

Amit ku.Thakur


arjun g
This Query has 1 replies

This Query has 1 replies

05 August 2011 at 17:24

Dealer return

Hello friends

Which registraion number to be entered by importer in the return, while entering document based on which the credit is passed

Please help me in this regards





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