What is PLA Account?
Does it used only for paying Excise Duty?
Also please provide me the journal entry to be passed while paying excise duty through PLA.
Thank you,
With regards,
Rajesh

We are setting up the new Units.The bulk amount of Cenvate Credit on Capital Goods will be received before start production in current year. In current year I want to take SSI Exemption benifit,so balance of credit on capital goods remains as it. Can we carry forward for next year the balance of Cenvate Credit on Capital Goods? I would like to inform you that, in next year I also want SSI Exemption benifit in starting.Please explain the Rules about balance of cenvate credit on capital goods carry forward for next year
when SSI Exemption benifit want take/avail.

Dear Experts,

Recently, Excise Audit was done at our factory.

The Audit Team raised a query to pay Excise Duty of the set-off claimed by us as per State VAT Law.

Kindly guide me stating Case Law / CBSC circular / Guideline.

Reards

We are in the manufacturing of biscuits.
For valuing Excise duty, section 4A is considered and on MRP less abatement and duty is paid.

Wherease for paying VAT, commercial value is computed and VAT on such sales value is arrived.

Why Excise and VAT are not valued on the same value?

Is there any case law supporting the same.

how to reconcile excise return with books....

Whether cenvat credit on Education cess and higher education cess is allowable on inputs when they are purchased from 100% EOU. Any CESTAT DECISION available if decided. Your Expert Comments please.

DEAR SIR,

I AM MANUFACTURER & I HAVE ALREADY FILLING ER-1 RETURN MONTHLY BUT IN F.Y.09.10 MY TURNOVER IN LESS THAN 4 CAROR SO I NEED TO FILL ER-3

PLEASE SEND ME EXCLE FILE OF ER-3 RETURN COPY.

THANKING YOU,

VINOD.

Dear all,



Kindly review the below details of sales invoice and sales return for goods sent. The break up being –



1. Value of Finished Goods (FG) - Rs. 4061 /-

2. Excise duty Output @ 10.84% - Rs. 440 /-

3. Education Cess Output @ 2 % - Rs. 9 /-

4. Excise H & S Output @ 1 % - Rs. 4 /-



Total value of FG - Rs. 4514/-





Now the debit note issued for the sales return does not show excise break -up and has clubbed the excise duty and shown the tot value of goods.

1. But how do v account for the excise duty reversal in tally? We have already defined the excise duty structure product-wise to calculate it automatically and give results as Assessable values.

2. will we get excise duty credit for use in future inspite of fact that the debit note does not show excise duty separately?


3. which register to b maintained for further sale of this rejected goods

Kindly guide us. IT is urgent.

DEAR
WE ARE AVAILING FULL EXEMPTION IN UTTRAKAHND IN TERMS OF AREA BASED EXMPTION VIDE N/N 49,50/2003. WE ARE MNUFACTURING STEEL ITEMS IN TERMS OF FURNANCE & ROLLING MILLS ITEMS.
CAN WE CLAIM FOR REFUND ON EXCISE DUTY PAID ON RAAW MATERIAL & CAPITAL GOODS. ETC
THANKS

We are availing area based exemption in uttrakhand state. can we claim for refund on duty paid on raw material and capital goods.

regards
naved