Dear All
What will be the value of inputs including packaging material and components used for manufacturing on witch CENVET Credit Availed (value as per purchase invoices or import document excluding all taxes)-Plz Refer ER-4 Para-3 - Detail of Expenditure

Either it will be basic amount or including excise duty and transportation cost and other direct cost incurred on purchase of material .

Your immediate action will be appreciated
Thanks

Our co. turnover is rs. 2 cr. Out of this 2 cr . Rs. 1.5 cr is export.



Another co. whose total turnover is Rs. 1.25 cr out of which 1 cr is export.

Do i need to get register in excise?

1.We are a small retail organisation marketing handicrafts and handlooms garments. We are getting the garments manufactured by small tailors in their homes and units as job work and selling the finished pieces with our brand and labelling with MRP.

2.Some garments like shirts and kurta pyajama are also manufactured by these small tailor units using their own fabrics, however putting our logo and lable.

Please advise the applicability of the new excise provisions of 10% on our organisation on both the above concerns. It is a private limited co having its retail showroom in Gurgaon.

pl do give your expert advice
thanks

vijay shankar

I am a manufacturer of readymade kidswear.
As per the exise duty imposed on garments exemption is given to the people have turnover below 1.5 crore. My turnover was around 60 lakhs in 2009-2010. In the current financial year 2010-2011 the turnover is around the same figure. As I fall under the exemption limit of excise duty, do I have to register with the excise department? Do I have to fulfil any of the excise formalities?

I need your help regarding following-
We have to export to Nepal exisable goods. Can we export without payment of excise duty under bond as per notification 45/2001-CE(NT) Dt 26.06.2001 in the following situation-
1. Name of Nepali importer is say XYZ
2.Said Nepali importer has given order to Indian Company- Usha International
3.Nepali importer has approached to his banker Nabil Bank Ltd. of Nepal for payment arrangement. Nabil Bank Ltd has taken Nepali currency from importer XYZ and given one cheque of 12,30,000 INR in the name of Usha International Ltd. drawn on Standard Chartered Bank, 19, N.S.Road,Kolkata(cheque is attached here with for kind perusal)
4.Usha International has deposited that cheque in the HDFC and that has been paid by Standard Chartered Bank, 19, N.S.Road,Kolkata in INR.
Your cooperation in this is highly solicited
Regards,
Nagendra
09836305344
For ready reference original text of notification no 45/2001 is given here below-
Export under bond to Nepal or Bhutan where payment is in freely convertible currency. – Export under bond to Nepal or Bhutan where payment is in freely convertible currency, shall be subject to following conditions, namely: -


the importer in Nepal or Bhutan, as the case may be, shall make full payment for the goods as evidenced by furnishing Foreign Inward Remittance Certificate from any bank authorized to deal with foreign exchange by Reserve Bank of India or shall open an irrevocable letter of credit in favour of the exporter in India, before the export takes place;.


condition (i) shall not apply if the excisable goods other than consumer goods, but excluding motor vehicles, are exported without payment of duty as:-


supplies to projects financed by any United Nations agency, the International Bank for Reconstruction and Development, International Development Association, the Asian Development Bank or any other multilateral agency of like nature;
to all diplomatic missions in Nepal or Bhutan provided the Indian Embassy or the Ministry of External Affairs certifies that the import is for the personnel of the diplomatic community;


the exporter shall furnish a bond in Form specified in Annexure-I before the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise having jurisdiction over the factory, warehouse, or the approved premises or such other officer as authorized by the Board on this behalf, from where the goods are removed for export to Nepal, as the case may be, or Bhutan;
when the export is against an irrevocable letter of credit, the exporter shall furnish a certificate in Form as specified in Annexure-II from the Reserve Bank of India or any other bank authorized to deal in foreign exchange by the Reserve Bank of India, showing that full payment for the goods has been duly received in freely convertible currency. On receipt of such a certificate and on the satisfaction that the goods have been exported in terms of the bond referred to in sub-condition (iii), the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise or the such other officer as authorized by the Board on this behalf shall discharge the exporter of his liabilities under the bond;


Explanation ‘Freely convertible currency’ means Australian Dollars, Australian Schillings, Bahrain Dinars, Belgian Francs, Canadian Dollars, Danish Kroners, Deutsche Marks, European Currency Units (Euros), French Francs, Hongkong Dollars, Italian Lire, Japanese Yen, Kuwaiti Dinars, Malaysian Dollars, Netherlands Guilders, Norwegian Kroners, Pounds Sterling, Singapore Dollars, Swedish Kroners, Swiss Francs and U.S.A. sDollars (and includes Indian Rupees bought by the Asian Development Bank by payment to the Reserve Bank of India in foreign exchange).

Is it neccessary for removal of the excisable goods within 24 hours from invoicing?

==> if not removed the excisable goods than is it required to cancel the Invoice?


Thanks in Advance
Ashish Gupta

Dear Sir,
we now registered under manufacture of excisable goods, let me know what are the books to be kept for the excise

Thanks

Hello,
We are a Manufacturing Unit registered under Central Excise. We have some excisable raw-materials lying ideally in stock since some now. We want to sell these materials off and we have a excise-registered buyer ready to buy them. So how can we sell the raw materials to new buyer and pass-on the excise to him. Also do we need separate Invoice Book to make such invoices.
Also, we are looking to trade in that are manufactured by us. Meaning, we are manufacturing pipes but we are being offered pipes at a lower price than our own production cost. So we are planning to buy the pipes and want to sell it under our own Invoice. So is this possible for the manufacturing unit to buy the finished goods directly and sell it after remarking it as our own.
Awaiting your expert opinion on this one.
Thank you in advance.

Dear Sir,
Pls suggested me

I am working a manufacturing company a company sales turnover Rs.2.5crore above bu some problem our company cross limited Rs.1.5crores in jan month but our company Reg.in excise 25.2.2011 in this period our company purchase & Import Excisable goods Rs.1.5crores pls adivse me our company can get cenvat credit

regards
Praveen

Pls let me know the rate of excise applicable on sale of used machinery(like hydra mobile crain used for loading & unloading in transmission line tower business) in maharashtra

how to raise the invoice whether it is normal invoice or different

also let me know what is the VAT impect on same.

Thanks & regards