Anonymous
This Query has 1 replies

This Query has 1 replies

08 February 2011 at 09:19

Cenvat Credit

My query is;

We are a manufacturing concern and a ssi unit, we have taken excise registration and given intimation to the department that we will take the benefit of notification no. 8/2003.

1. For the year 2010-11 my turnover is 140 Lacs, hence i have do not pay any excise as we are an ssi. more over we have rs. 25 lacs available as cenvat credit on capital goods and rs.3.5 lacs available as service tax credit available on installation erection of plant and machinery used for manufacturing of the final product.will we be allowed to c/f the cenvat credit of rs. 25+3.5 lacs in the following year. and when in the following year our turnover crosses rs. 150 lacs. than will we be first allowed to take the benefit of cenvat credit available??

2. it is said that in the first year we are eligible to take 50% of the cenvat credit of the capital goods. than in our case 2010-11 will be the first year or 2011-12??

3. the service tax paid on the bill of civil engineer for the construction of shed, foundation and factory building is eligible to be taken as cenvat credit??


Vijay Mishra
This Query has 3 replies

This Query has 3 replies

07 February 2011 at 17:35

Pre Authentication

Dear Sir

I want to know that on excisable bill there is a place on top of the bill for "PRE AUTHENTICATION SIGNATURE". Is it necessary to sign the same, as i have come to know from one of my friend that it is not mandatory now to sign the same. Is it right???????

Please let me know at the earliest.

Regards

Vijay


sam trikha
This Query has 1 replies

This Query has 1 replies

plz reply
1. if an item is of capital nature as per accounts but not covered under definition of capital goods in excise ??
(a)what would be traetment in accounts books & how much cenvat credit canm be claimed by assessee


sam trikha
This Query has 1 replies

This Query has 1 replies

plz reply
refractory material is under definition of capital goods under excise
if such material is consumable in nature then
how much we can claim cenvat credit 50% or 100% ??
treatmant in accounts either capitalise or revenue ???



Anonymous
This Query has 1 replies

This Query has 1 replies

05 February 2011 at 20:46

CENVAT of Service Tax Paid

Can a manufacturing unit claim Cenvat of Service Tax Paid on Input Services Received in office (i.e. Services not used in a factory)???

If yes, whether any registration with Excise Authorities is needed for claiming this Service Tax ????



Anonymous
This Query has 4 replies

This Query has 4 replies

05 February 2011 at 17:22

Unutilised Cenvat Credit

Dear Sir,

I am Senthil Kumar.S working in a Private Limited company as an Commercial Executive

We have converted our DTA unit into 100% EOU unit. At the time of conversion from DTA unit into EOU unit we had 38 Lakhs of Input Cenvat Credit. Now my question is whether the un-utilised cenvat credit can be carry forward to EOU unit or it will laspe.

Please confirm.


j c kohli
This Query has 1 replies

This Query has 1 replies


In case of first & second stage dealer , is is compulsory that material must enter dealers registered premiss before he takes cenvat credit?
When he can issues excise invoice (in respect recipt of material)?


S.Jegadeesan
This Query has 1 replies

This Query has 1 replies

04 February 2011 at 19:38

Taxability

Dear Sir,
I wish to clarify one doubt regarding Central Excise.
M/s.SSS Marketing Pvt Ltd is a incorporated in India & it is import some electronic products from china.
Is it liable to pay the Central Excise if the products imported with Indian company's Brand ? i.e. SSS

Like Nokia, Samsung.


Regards,
S.Jegadeesan



Anonymous
This Query has 1 replies

This Query has 1 replies

04 February 2011 at 17:06

10% CVD on Imported Goods

We are the importer of CFB Foils and sold the same after slitting.

My question is whether 10% CVD paid by the importer can be passed on to customers, if yes, please give me notification number.

Thank you.


S RAVI SHANKAR
This Query has 2 replies

This Query has 2 replies

04 February 2011 at 12:07

CENVAT CREDI ON CAPITAL GOODS


kINDLY LET ME KNOW WHETHER RECEMENT AMENDMENT TOOK PLACE IN AVAILING CENVAT CREDIT ON CAPITAL GOODS. ALSO LET ME KNOW
THE PROCEDURE IN AVAILING CREDIT UNDER
CAPITAL GOODS. THANK YOU





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