Dear Sir,

We are selling some old machineries as scraps from our factory. Do we require to pay excise duty apart from VAT?

Pl suggest

Are sample distributed at free of cost is given to customers can excise duty is liable to pay?

And inputs on such sample can be taken for credit?

Dear All,

Kindly guide me of follwoing.
1 Can i sale imported goods to buyer in india after paying Customs Duty.
2. Do i required trading license for that purpose or IEC & manufacturer license in enough.

WE HAVE PROCURRED RAILWAY SLEEPER FALLING UNDER CHAPTER HEADING 68109990 AND 68101190 FOR CONSTRUCTION OF RAILWAY TRACK. WE HAVE TREATED THESE SLEEPER AS CAPITAL GOODS AT THE TIME OF AVAILMENT OF CENVAT CREDIT. MY QUESTION IS:
WHETHER AVAILMENT OF CENVAT CREDIT ON SLEEPERS AS CAPITAL GOODS IS JUSTIFIABLE OR NOT?

we are studying that assessable value is the value or rate at which the the commodity is being sold by manufacturer......

LIKE SUPPOSE THE MANUFACTURER SALES THE GOODS(LIKE CAR) AT Rs. 1 than the assessable value shall be Rs.1... HENCE THE EXCISE DUTY SHALL BE CHARGED AT RS.1.... IT DOESNT MATTER WHAT IS ACTUAL MARKET VALUE OF SUCH CAR........

NOW I M CONFUSED..... IS IT POSSIBLE....BECS I HAVE ARGUED WITH MY FRIEND.....WHO HAS TOLD THT IT IS POSSIBLE....

NOW PLEASE THINK PRACTICALLY ... IF IT IS POSSIBLE .... THAN EACH AND EVERY MANUFACTURER CAN FOOL AROUND THE DEPARTMENT...... BY SELLING GOODS(LIKE CAR) ON PEN AND PAPER AT RS.1..... AND BALANCE SETTLEMENT ON CASH....
THAN IT SHALL NOT ONLY BE BENEFITED TO MANUFACTURER BUT ALSO THE BUYER(AS HE HAS TO PAY NEGLIGIBLE AMT OF EXCISE DUTY).....

DO UNDER SUCH SITUATION.. DEPARTMENT....SHALL NOT TAKE ANY ACTION......HE WILL ACT LIKE A HOME VIEWER( MUKH DARSHAKE).....


IS IT POSSIBLE.... IN PRACTICAL WORLD....

PLEASE CLEAR MY CONCEPT........ WITH LOGIC.....

the question is that if suppose a manufactured goods is sold .... in which the involvement of service charges is there ...... than in that case are we going to bifurcate the cost of service and the value of goods.... to charge service tax and excise duty... respectively OR charge the whole value(including the value of service) under excise duty.

IF YES THAN WHY AND HOW.......


LIKE FOR EXAMPLE.. CAR IS SOLD .... WHERE COMPANY PROVIDE FREE SERVICES....BUT COST IS INDIRECTLY INCLUDED IN THE VALUE OF CAR...... OR VARIOUS TYPE OF EXAMPLE..........




PLZZZ THINK OVER THE MATTER

Suppose i have purchased car costing 100000 from TATA MOTORS
,further i request tata motor to call engineer for inspection of the car(costing10000). The total payment made to tata motor is 110000(car cost+inspection cost,on behalf of engineer).
as per above discussion .... the transaction value(assessable value) is 110000... hence excise duty shall be charged on 110000.
NOW the point is that when the payment shall be made to engineer (by tata motors) than he will charge service tax to tata motors, suppose there is heavy differnce between the rate ... than who will bear the loss.....
like excise rate is 8% and service tax rate is 10%..... than in this case why the will bear the extra 2% on 10000... as company has charge only 8%..

Is this process is right ..... and if yes than what is the concept behind such provision.....


NOTE- DONT GO BEHIND THE EXAMPLE.... JUST SEE THE ISSUE..... WHICH I WANT TO ASK...........




PLZ THINK AND ANSWER...... WITH PROPER CONCEPT........BECS I M NOT GETTING THE LOGIC.....BEHIND SUCH PROVISION

Sir
We are getting the order and party says he will give CT 3 form and I want the suggestion in these
1. If goods made clearance under CT 3 should not we charge excise ?
2. For Purchase of goods for the above can we take cenvat input
3. For CT 3 Clearance should not we charge VAT
4. We are applying the EPCG licence and can we furnish this PO as a Export order copy

Pl clarify

Hi,

We are importing Finished Goods(pertaining to Third Schedule), re-labelling in Custom Bonded Warehouse & sell it from our Trading warehouse.

Want to know is it right practise or it amounts to manufacture ?

Plz. clarify whether cenvat credit can be avail on steel strapping (HSN No. 72124000.