Dear friends,

My queiry relateds to cenvat credit. i have described the cases.. i have a common tank for Furnace oil and it is used for both excisable & non excisable goods manufacturing.. Wheather, i can avail the CENVAT credit used on excisable goods which is supplied from the common tank of furnace oil?? Please do needful in this matter..

Thanks & Regards
Ashish h tiwari
(MBA,IPCC)

Hi friends,
I have a query that one of my client is taking credit on inputs used in the R&D of products but company is not yet registered in Excise. Now they started sale from there stores premises which is away from company and also got registration in excise whether credit on inputs taken from last 2 years can be utilized on sale?

Dear Sir,

Humari trading company hai or excise registered maintained hota hai RG23D agar usme sale and purchase charate waqt koi galti ho jaye to kya karna chaiye

Regards
Kawal

Hi,

We have designed & developed our own HR Management software which is being sold in India and neighboring countries. One of the software modules handles Time Attendance (Biometric/RFID) devices for attendance management. If we export these hardware devices along with the software to one of our distributors at Saudi, what are the taxes to be paid in India & Saudi? I believe that for software export, we are not adding any taxes.

Regards,
Victor

Dear sir,
I m working assistant accountant in Mfg. co. and on 30th April, 2011, I have made an mistake during generating a Excise Invoice, mistakenly in the bill the one product billed @ Rs. 0 in place of Rs. 90/- and i haven't noticed that, Later i have issued an supplimentary Invoice with a Note: "Not for Sale"- supplimentary invoice issued agst. I/No. & Dated for not mentioning price on bill" for making correction and stock entered twice.

Now i have few question about:-

1. what i did was right or not?
2. how to make an adjustment entry for stock as per excise rule?
3. is there any problem to raised a supplimentary invoice agst and availing the cenvat cr.?
4. lastly, as we have already filed the return than what should i do for availing cenvat cr.

Sir, in actual my senior accountant telling that it has no solution for that mistake and we cant take cenvat cr. and there is no way to make an adjustment entry for Stock., so that Kindly suggest me something favourable & oblige.

Thanks and Regards
Ravinder Singh
Mobile No. 9999731900
E mail ID . : ravikrisna_786@yahoo.com

As per letest budget, ED has been levied on Readymade garments @ 10.3%.
My question is whether there was any ED on Readymade garments earlier i.e before 01.03.2011, because it is a final product and it should be chargeabel to duty.


Regards,

Siddhartha
kolkata

sir, what is the exact difference between c form & h form ?

Dear Sir,
We had cleared the material to One of our customer under PROJECT AUTHORITY CERTIFICATE ( PAC) , We had cleared this material on payment of duty, as we were not aware. But now we had received Original Documents of PAC,
As customer is not interested in Refund cliam, Sall I Claim for Refund of Excise Duty? Sir Please clearify

A S.S.I UNIT WHO IS REGISTERED IN CENTRAL EXCISE HAVING INVESTMENT IN MACHINERY RS.6.00 CRORE CAN BE ENTITLED TO GET EXEMPTION OF 150LAKH IN CENTRAL EXCISE IN HIS FIRST YEAR .

PLEASE HELP ME .

sir, i need to know the provision of excise duty and service tax for the same, as i am not so clear about the same, so plz help me....