A pvt ltd is approaching bank for loan and bank put a condition of corporate gurantee of its sister concern B Pvt ltd with floating charge creation in ROC, Both companies are engaged in manufacturing of same product.
In the above case, is their any restriction under excise laws for giving corporate gurrantee. As per CA of B ltd, there is some excise issue in this transaction and saidthat excise officer assumes both the units as single.
According to me, there is only contingent liability in the books of B and actual liability of A ltd. Further this is a financial transactions and excise laws should not be relevant in this case.

Urgent

Hi to all

I require compliance report format or any relevant format for excise duty compliance for 2010-11 for private limited company..

Thanks....

Hi everyone,

RULE 5
is applicable "when the excisable goods are sold for delivery at the place other than the place of removal"

RULE 7
is applicable when the excisable goods are not sold for delivery at the time and place of removal.

my confudion-

"sold for delivery at the place other than the place of removal" &

"not sold for delivery at time and place of removal"

both mean the same thing.

so why different rules and different treatment. please clarify. explanation with examplie will be appreciated.

thanks in advance
my id abhipcc@rediffmail.com

Dear sir,

We are making jobwork for other company (We both are Excise Registered Unit). But that company give us only principle material to produce finished goods. Then we are adding other complementary goods to produce & then make the bill to the party as Processing Charge+Cost of the materials+ Profits on it. Is it possible in Jobwork case?

Thanks,

Dear Sir/Madam,

Pl. Solve following matter.

In jobwork there is a timelimit of 180days for keep the material at the end of jobworker. But what will be the necessary action for delay more than 180days to keep. Then wht will be the penal provision if duty not reversed within the time limit of 180days or its admissible by the department.

Thanks,

we are intending to apply to the commissioner for the permission to storage of non-duty paid finished goods(FG)outside factory in a godown. what are various options available to us? is it necessary to bring back the FG to factory before selling to customer? can i clear the goods from godown on payment of duty, but invoice prepared from factory address and not from godown invoice?

I am seeking the answer of this question:

we have one manufacturing unit (Auto component) in Jharkhand and we are planning to set-up our other manufacturing unit (Auto components) in U.P

Can we raise Tax Invoince (CST Billing) from our Jhanrkhand unit to U.P. Unit?

what will be the Excise and VAT implecation on this?

We are doing depot sales by bringing material on Stock transfer on F from to our depots from plants. Suppose I get the material @100 and pay the necessary ED. Now can i sell this Ex godown at 120/-. If yes then what is the repurccation on ED

Sir,
We are supplying to Mega power project and we are not importing the Raw material, same procured locally.
we are also taking benefit of Cenvat Credit.

My Query is

Can we claim for Duty Draw back for custom duty portion ?
What shuld be the procedure ?

Kindly sent me the procedure / forms on my mail id
rosesrunique@gmail.com

Dear,

First I want to know that which authority does regulate the supply of sugar in India..??
and then.. My company wants to supply sugar to other company manufgacturing Tea bag which would be one of the input for that comapny and that company is situated in SEZ but we dont want to follow the export procedure prescribed for supply to SEZ.

So, Plz advice me that.. is there any alternative way to supply input ( Sugar) to SEZ units without following Rule 18 & 19 Of CER.