Hi there,
we have just registered under excise in last week or so.
my question is
1. Can we take the credit of Raw material / Oil and lubricants/ Machine spares / Capital goods (Purchased in march 11)?
2. Can we take the credit of service tax? if yes how much back we can go?

Regards & Thanks in advance

Dear Experts,
I have a question regarding the dealer and that is as below:
One Co name is Akash Pvt.ltd, The same co has a own dealer name is also Akash Pvt.ltd. Both are register with central excise like manufacturing and dealer respectively.
The goods are moving stock transfer from Manufacturing Unit to dealer unit. The Price is 1000.00 per pcs. Manufacturing unit is paying excise duty 103 i.e 10.3% on 1000.00.Dealer also passing the same duty to customer.But dealer increase the rate 1200.00 instead of 1000.00 and paying local VAT on 1200.00
Now in this situation my question is as below:
1. Is there any problems from Excise officials?
2. Is there any short duty payment?

Kindly let me know
Thanks and regards,
R

As per Rule 4, CENVAT Credit in respect of inputs may be taken immediately on receipt of the inputs in the factory of the manufacturer.
My doubt is when the goods will be considered as received in factory. Whetehr just crossing the factory gate is sufficient or whether it need to be documented in the books of person receiving the goods ie GR need to be done in the books of account of the factory? Is there any specific case law/ circular in this regard?
PLS HELP

EXCISE DEALER IS ALSO AN IMPORTER THEREFORE ASSESSEE REG. NO. & IMPORTER REG. NO. IS SAME. THE PROBLEM IS THAT WHILE FILLING EXCISE RETURN BY USING EXCEL UTILITY ON VALIDATING SHEET I GET ERROR MESSAGE THAT "U CANT ENTER UR OWN REGISTRATION NO. IN DOCUMENT BASED ON WHICH CREDIT IS PASSED"

KINDLY SOLVE MY QUERY AS SOON AS POSSIBLE

what is the difference between availing/booking/utilizing credit?

Is there any difference between reversal of cenvat credit and payment of cenvat credit already availed? plz explain this with reference to concept of removal of capital goods as such(provide accounting entries for the same)

A manufacturer of a Marble slab supply its product (Rough Marble Slabs) in concessional rate of duty. But to motivate to party they are polished the Rough marble Slabs in some extent & supply it to party as a sample in free of cost & shown in the Invoice. My question can the supplyer make the payment of duty on it which has no concessional rate of duty. And what extent or ratio it will be free ?.

Thanks

I need....

interest code for making payment through gar-7 challan

interest code for BED - ?
'' cess - ?
'' s&h cess - ?

regards

N.Sivaraj

A capital asset has been purchased on 01-07-2007 for duty paid of Rs.263680/-. It is disposed of on 30-09-2009 as such. Now problem is what amount payable towards cenvat credit already taken at the time disposal ?

As per my view,

Total CENVAT credit 263680
Less:Abatement(2.5%*9)=22.5% 59328
Amt. payable 204352

Is it valid in law ?? If not, plz. reply in detail .

Dear Sirs,
We are importer and just taken excise registration (Dealer's). While filing return, we are facing some problem :

1. NIL Sales return is not filed, validation rejected.

2. NIL Purchase Return is not filed, validation rejected.

3. If import are there, what to fill in "BOE-issued by" and its respective registration no (as per restricated format), because how can we get such restricated format of any company who has exported us the material.

Thanks in advance