Anonymous
This Query has 2 replies

This Query has 2 replies

28 December 2009 at 16:13

Difference


Will someone explain the difference between tax invoice & commercial invoice and the accounting treatement for Sales Tax and Excise

Thanks


RAMU
This Query has 3 replies

This Query has 3 replies

26 December 2009 at 11:11

INVOICE SL. NO.

Dear Experts
We are a manufacturing Co. and with registered with Central Excise. At the starting of Financial year we have submitted a letter to Excise Department that we are going to use Invoice Sl NO. 001 to 500. But by mistake one Invoice Serial No has been repeated.
Now what is the procedure to rectify the same. Kindly let me know
Thanks
Rd.


jignesh modi
This Query has 10 replies

This Query has 10 replies

26 December 2009 at 10:26

Letter to commissioner

Dear Sir

We are manufacturing Industrial gases like hydrogen Liquide nitrogen. We have supply these gases to cutsomer throght Transport tank

One of the our transport tank met with accident.now we have write a letter to commissioner central excsie that we have not preparing invoice for supply due to accident.

Please guide how to write a letter to commissioner..

Please do the needful

Matter treated as most urgent.

Please do the needful

Jignesh


Subramanian
This Query has 3 replies

This Query has 3 replies

Hello,

My Query is

Goods are sold to Customers under a cover of Invoice and Excise duty is paid on such invoice.

Subsequently the customer rejects the goods before using and processing and sent us (without under cover of Invoice)

The same is scrapped by the company as it is unfit and cannot be reprocessed.

Excise duty is paid on the transaction value of Scrap.

The issues here are:

Whether CENVAT credit can be availed on goods rejected by customer with or without under the cover of Invoice?

On reading Rule 16 of Central Excise rules 2002,it was implied that Credit can be availed only if the same is returned for bing repaired or refined or reconditioned or for other purposes.

Whether Rule 16 is applicable to the above case?



Panduranga
This Query has 5 replies

This Query has 5 replies

25 December 2009 at 09:20

excise

turn over limit for excise duty is 150lacs, is it annually or consolidated of previous years


manish agrawal
This Query has 4 replies

This Query has 4 replies

25 December 2009 at 08:55

change in rates of taxes

please provide me rates of taxes and the date from when they are effective starting from the year 2005.
please provide me the sites where i can get information about these types of topic i.e. information about old rates.


Meekha
This Query has 2 replies

This Query has 2 replies

Can any one please help me to solve the given problems and also explain me the concept?:

i) P ltd. sold goods to Q ltd. at a value of Rs.500 per unit. In turn Q ltd. sold the same to R ltd. at a value of Rs.600 per unit. If P ltd. and Q ltd. are related, whereas Q ltd. and R ltd. are unrelated? [what if P ltd. and Q ltd. are unrelated and Q ltd. and Q and R are related? and P and R are (i)related and (ii)unrelated?]

ii) Indian oil sells motor spirit to Hero ltd. at a value of Rs.36 per liter. But motor spirit has administered price of Rs.30 per liter, fixed by the Central Government.

Please help me Sir/Madam.


Meekha
This Query has 5 replies

This Query has 5 replies

Does the following process amount to manufacture or not:(can you please indicate the reasons also)
i) Preparing masala powder by grinding and mixing of various spices.

ii) Crushing betel nuts into smaller pieces and sweetening the same with essential/non-essential oils, menthol, sweetening agents, etc.

iii) Assembling of platform, load cells and indicator system, which became a 'WEIGH BRIDGE.'

iv) ABC ltd. is engaged in the process of mixing alumunium paste, metal lacquer and thinner resulting in the production of alumunium paint having a shelf life of 8-10 hours.


Meekha
This Query has 2 replies

This Query has 2 replies

24 December 2009 at 18:30

Assessable value under Central Exice Law

Can any one please teach me and help me to solve this problem?

A ltd supplies raw material to a job worker K ltd. After completing the job-work, the finished product of 5,000 packets are returned to A ltd. putting the retail price of Rs.20 on each packet. The product in the packet is covered under the MRP provisions and 40% abatement is available on it.Determine the assessable value under Central Excise Law from the following details:

i) Cost of raw materials supplied Rs.30,000
ii) Job workers charges including profit Rs.10,000
iii)Transportation charges for sending the raw material to the job worker Rs.3,000
iv) Transportation charges for returning the finished packets to A ltd. Rs.3,000

Please teach me how to do this.


Panduranga
This Query has 3 replies

This Query has 3 replies

24 December 2009 at 11:50

excise

what is turnover limit for excise duty?





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