What is the remedy, where excise duty wrongly levied on removal of goods which is non dutiable. Is it possible to take recredit of excess excise paid sue motto or inform jurisdictional excise office & take credit thereafter

Dear Sir,

I had wrongly taken 100% cenvat credit on capital goods in past F.Y.2010-2011 can anyone tell me how much penalty will be imposed?

Neetu.

Sir,
As I'm a first stage / Second stage dealer, I've received Excise invoice from the manufacturer with different excise registration as the goods were supplied from different ware houses of the manufacturer. So please guide me how to make the purchase entry, will i have to open separate ledger in tallyerp9 for each invoice.
please guide.

(March 01, 2011) Union Budget 2011-12: Indirect Taxes

The budget proposals have a largely neutral impact on the paper industry.

Excise Duty:
The excise duty on paper and paperboard has been increased from 4% to 5%.

(Notification No 2/2011 - Central Excise Dated 1st March , 2011)
Customs Duty:
The basic custom duty on paper and paper board has been retained at 10%.

The custom duty on wood pulp has also been retained at 5%. However the custom duty on waste paper has been reduced from 5% to 2.5%. MEANING

Whether fly ash generated in thermal power plant, Waste or by product?

Dear Professionals

Please advise, whether excise duty is chargable on material returned for repacking and if yes please provide %.


Thanks

In case of a company commencing manufacturing of excisable product for the first time in current year what excise rules are applicable to them? Do they get SSI status in the first year of manufacture? And what are the due dates applicable to them? Please reply urgently.

can we utilise excise credit for payment of excise liability for export to nepal

DEAR SIR,

MY CLINT IS MERCHANT EXPORTERS,THEY EXPORTS BICYCLE PARTS & NOT HAVING ANY DOMESTIC SALE, SO NOT COVER UNDER EXCISE.

THAY HAVE NOW GOING FOR EXPORT COTTON YARN,
THE PARTY WHICH PUR.IS MADE GAVE US ARE-1,

NOW I WANTS TO KNOW THAT WE HAVE MANDATORY TO REGISTER WITH EXICE OR NOT.

sir,
any body tell me which notification No is required in E-filing insted of 02/2008.
Regards
joshi p p