pls tell me what should be the treatment of bought out items under central excise items if the items which one assesse is producing as finished product are purchased from outside and are cleared without any value addition and process.

pls note that the bought out item is the finished product that one is manufacturing and is cleared without any process and value addition i.e. it is a trading activity.

pls reply at the earliest as it is urgent.

A Ltd. Company two different deptt. account and excise .Company purchase epoxy for manufacturing semiconductor and store outside the factory in rented godown . In this case accounts deptt. take niput credit of duty at the time of receiving invoice of party but but excise deptt. take input when latter material of this item will be consume and new will come into the factory. Excise deptt. said that they can take input only when material come into the factory. Please tell me the solution of this situation .How the both deptt. take credit at same time?

We have imported capital equipments under EPCG scheme. We are exporting products and have a domestic sale as well. We have made domestic sales under EPCG. Can this sale and the export sale together used to ofset the EPCG obligation.

The EPCG rules read as "Exports shall be physical exports. Deemed exports shall also be taken into consideration for fulfillment of export obligation but the licencee shall not be entitled to claim any benefit of Deemed Exports;"

Can the EPCG sales to domestic units be treated as deemed exports

100% EOU follow both the procedure for procuring goods from domestic tarrif area

1:can avail cenvat credit on duty paid goods

2. can avail duty free goods on submission of CT 3

Please advise

regards

Girish

Suppose Mr X is selling party to me.

Mr X takes goods from Mr Y with Excise gate pass and passes to me the same gate pass, then whether we can take credit of the same as a consignee. If yes please provide the relevant sections/rules.

On the same line If Mr A takes service tax bill from Mr B and place his bill to me as riemburshment of amount of Services inclusive of S Tax, but not showing seperately the S Tax on his( Mr A) bill.
whether we can take credit of service tax mentuione on the Bill of Mr B.

Please quote the rtelevant sections/rules thereof.

wat is difference btwn form c and d of central excis plz. elaborate in detail for my understanding.txs in advance

please suggest me any book for indirect tax law(New Course) which contain recent case study.

Dear All,
We are a manufacturing unit and now wish to do trading activities at our existing premises what are legal central excise procedures. The comodities are imported items for domestic sales.

One of our client says that he has not claimed Cenvat Credit on capital goods for the first year. He says that the first year's part only he is claiming in the second year. Is there a possibility for it?
I have also verified the RG-23 Part II for capital goods, but the register does not contain the serial number on the pages of the register. So i dont know whether to rely that. And also our client says for this year u just take the 2nd year 50% as Excise Duty Receivable A/c.
With regards,
Rajesh

Please provide me the accounting entry in case where the purchase of Fixed Asset wants to claim Cenvat Credit in that fixed asset.
For example the cost of the Fixed Asset is Rs. 118.56
Base Price = Rs.100
Excise Duty= Rs.14
VAT = Rs.4.56
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Rs.118.56
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With regards,
Rajesh.