Dear All

I have querry. When sale of goods covered under section 4A to a manufacturer, shall duty on MRP attract on transaction value? or Shall the manufacturer pay the duty on declaring MRP ? How the manufacturer should procure the goods covered under third schedule from its origional manufacturer ? Or a dealer can procure the same from it origional manufactuerer on trasanction value.
Regards
HS NEGI

what is the current excise duty rate in india?

DEAR SIR,

PLEASE MAKE IT CLEAR IS IT COMPULSORY FOR A TRADER WHOM EXPORT THE ELCTRICAL GOODS TO MAINTAIN THE EXCISE RECORDS IF YES PLEASE MENTIONED THE REGISTER ONE HAS TO MAINTAINED.

PLS CLEAR MATTER & OBLIGE

THANKING YOU

RAJESH MAHAJAN

we are manufacturer. we purchased raw material from supplier on June,2010. we are going to return raw material (partly) to supplier on June,2011 because some quality issues. Can we raise sale invoice or debit note to supplier? we can`t raise sales invoice because we purchase raw material in Kgs, but we sell manufactured goods in Qty. In case, if we will raise sales invoice to supplier in kgs(for purchase return), where should we show in excise return.
please advice me about above issue.

Can any body explain me accounting entries for excise duty in case of stock transfer to Branch in another state ?
1.Accounting Entry for excise duty for stock transfer
2.Entry for Cenvat Credit
3.Entry for transfer of excise duty to Expenses A/c ie Excise Duty paid Account

Dear All,

We are an EPC/Turnkey Contractors.

We are purchasing Materials as well as Equipments from dealers registered under Central Excise for our EPC Client.

Suppliers are raising Excise Invoices mentioning our name as Buyer and Our Client's name as Consignee.

After the materials and equipments are received at site we are raising a TAX Invoice (under VAT) for Sale. In such Invoice we are mentioning reimbursement of Excise duty (Same amount of Excise mentioned in excise invoice of Supplier).

We are not registered under Central Excise.

I just wanted to know whether we are following the procedures correctly.

Regards
CA. Sushant Bhatnagar

ONE OF MY CLIENT OWNER OF THE PREMISES GIVEN A GODOWN ON RENT TO A CIGARET MANUFACTURER FOR MONTHLY RENT OF RS. 12,000/-

UNFORTUNATELY RENT AGREEMENT WAS PREPARED BUT IT WAS NOT SIGNED BY THE TENANT HE ORALLY COMMITTED TO SIGN THE RENT AGREEMENT WITH 2-3 DAYS AND HE KEPT RAW MATERIAL OF CIGARATE MANUFACTURING AT THE GODOWN.

SUDDENLY TEAM OF EXCISE DEPTT VISITED THE GODOWN AND SEALED THE GODOWN. TENANT WAS NOT AVAILABLE THERE.

OWNER OF THE PREMISES WAS ALSO THERE HE HAD TO TAKE THE SUPERDARI OF THE SAME AFTER RELEASING THE SEAL OF THE GODOWN.

NEIGHER TENANT IS COMING AT THE PREMISES NOR HE IS PAYING THE RENT.

KINDLY SUGGEST WHAT MY CLIENT SHOULD DO TO GET RID OF THIS PROBLEM.

Dear friends,

one 100% EOU is clearing goods to DTA by obtaining exempted inputs by issuing form CT-3 to the manufacturer.

whether this transaction is valid or not?

Please mention the same with the supporting of any provision?

Sir,
We have two units at two different locations. One is registered under Central Excise and the other is not registered.

We have received Excisable products from our suppliers in the location which is not under Central Excise. We wish to move it to the location which is under Central Excise and process the product and also claim Cenvat credit. The Bill is with the address of the location under Central Excise and dated March 2011 and April 2011.
We need to know if this can be done or not and what could be the consequences
thanks
chandramouli

A company has two Plants, One is Cement Plant produces Exciseable goods & Other is Power plant produces non-exciseable goods. The company is constructing a wagon trippler which is combinedly used by the both the plants.So my Query can the company take entire CENVAT credit paid on Wagon Trippler in the Cement Plant? Can you Refer any case law or rule on this matter?