Dear Sir,

I am serving with a limited company with account department. I will be very thankful if i provided any ebooks which can give me basic knowledge about excise , service tax and vat.

Thanks in advance for the help

prashant Soni

which are duty liability for excisable goods viz. raw-material & finished goods lost in fire i.e burnt?

plzz inform notification or circular of this.

plz reply as early as possible.

hi,
i have one doubt.

we have imported butterfly valves from china. we have not processed it further. we have taken cenvat credit on Cvd, Edu-cvd, Shec-cvd & Add duty. now we are going to sell them. we should pay Excise duty on sale of these goods are not ?

reply please





Regards,

poorani

Eg. If a manufacturer exporter purchases inputs and makes payt to the seller as under:
Rs. 100 + ex duty Rs. 10.30 = Rs. 110.30

Now, after manufacturing process, the excisable product is exported as under:
say for Rs. 500

Querry:
1) Whether i can get refund of Rs. 10.30 paid on inputs under rule 18
2) Whether i have to first pay 10.30% on Rs. 500 which comes to Rs. 51.50 thru challan and then claim refund of Rs. 51.50 under rule 18

Pl. let me know whether i have understood correctly?

Ours is excisable product and we intend to export the same.

Query:
1) For claiming rebate, whether i should first pay the duty through challan on removal of goods from factory and then claim rebate.

2) When can i claim the rebate

Dear Sir,
My name is Vishal Momaya,I am a sole proprietor of a firm dealing in LED based Lighting.My last years turn over was just around 15Lak,Now i am about to finalize a big deal with one big company.They will give me an annual order worth valuation of 1.8CR,in this order i have to supply one light fixture to company which i will get it manufactured and assembled by some other firms. So i want to know that am i applicable to excise duty. Any one who can help me on this matter, please mail me to:- vdm.led@rediffmail.com
Any help regarding this will be appreciable.

Dear sir,

We had sold 100 Drum of Chemical to Mumbai (S.L Chemical) . Due to some Legal problem of
S.L.Chemical, S.L chemical is returning our 100 Drum and about to reached here after 6 Days . Now my Question is :-
1)What is rule of sales return of Excisable goods.
2) If Is it necessary to intimate Excise superintendent then what is time limit of intimation of reaching goods to our factory.

With Regards

We have entered into a contract with our client, wherein we have to build a piperack made out of strucutral steel.

We shall be fabricating the entire piperack in pieces in our warehouse and shall be transporting the fabricated material to the actual site of erection. After erection the piperack would constitute a permanent structure (which means it does not attract any excise).

We would like to know whether excise is applicable on the fabricated material which is done in our wahehouse or we can remove the material from our warehosue without paying excise duty and show it as a stock transfer.

Facts:
I have applied for letter of undertaking in form UT-1 on a stamp paper of 100/- bec we are a manufacturer exporter. I have purchased machinery of approx 10 lacs on which there was no excise duty charged by the seller. So far as i understand, on removal of excisable goods from factory there will be no excise duty in UT-1.

Querry:
1)What will be the better way to claim the refund of inputs bec i was told by my friend that u claim monthly rebate by paying the duty on finished goods and then take cenvat credit for inputs and for the duty paid on finished goods and dont go for refund bec it will take longer time.

2) what documents are required for removal of excisable goods in both the above case.

Warm regards

Plz tel me
1) how to enter opening bal of abstract a/c Pla a/c , cenvat a/c and other excise a/c in Tally.ERP9
2) some time in purchase bill freight including vat & Some time excudind so that time how to maintain one ledger a/c for both cases in Tally.ERP9 Excise voucher mode
3)50 % cenvat available on fixed asset in this year how to entery made in tally.erp9