Pls tell me the answer of following question:-

IS the export is included in the total turnover of Rs. 150 Lacs?

Is sale made on form VAT 15 (For the purpose of exports) is count in T.O. of Rs. 150 LAcs?

Is if I made export than before completion of t.o. of Rs. 150 Lacs take credit for the Block used in production of Export and Vate 15 Sale?

Is Raw MAterial i.e. Marble Block Sale is included in Counting of Rs. 150 LAcs Turnover?

Pls replay as soon as possibel and guide me if any other relavant information as you find usable for that purpose...?

Thanks!

excise is different for each commodity.

I would like to know if Coffee beans are purchased by us from the market, roasted by us and grinded to powder which is sold in whole sale as well as retail does it attract Excise duty. Also the sale powder is used for making and selling liquid coffee, then does excise duty attract.

Respected sirs,

Goodmorning

in a capital goods invoice having 4% & 8% cenvat i one invoice, how to take cr inthis any procedutres are follow in this pls clarify.

Thanks in Advance

M.Senthil Kumar
999 44 755 95

Can any one explain me the following procedure is possible

'A' is a dealer registred with Central Excise dealing Iron and Steel. 'B' is it's branch in the same state(Tamil nadu). 'A' is purchasing goods from First stage dealer. Now 'A' become Second Stage Dealer. 'A' is transfering it to 'B'(it's branch) on Stock Transfer Bais. Now can the 'B' is eligible to give CENVAT invoice? What is the procedur to be followed?

Hi,

If we make some import purchases how to add custom duty to purchases. Suppose the invoice value of imported goods is Rs.100 and customs duty is Rs.10.

We would like to show our stock as Rs.110 but at the same time our supplier A/c should show Rs.100 (invoice value)as payable and not Rs. 110 (which is incl of customs duty)

How to enter this purchase in Tally, if we activate tracking of additional cost of purchase then the custom duty also gets added to the invoice value of supplier and total payable amount payable to supplier becomes Rs.110 which is not correct bcoz only Rs.100 is payable to supplier and Rs.10 is customs duty.

Also at the time of making payment of import duty (i.e. customs duty, CVD, Cess, SAD etc) for clearance of goods from customs port what entry to be passed.

Kindly clarify the above.

Thanks
Vidya

We are a 100% EOU manufacturing Bulk Drugs and purchase material imported and indigenous accordingly make Export and DTA sale but mostly we are selling our product in DTA and pay excise duty (8.24%) only. For making product we use indigenous procured goods, which we procured against CT-3. Should we also pay Customs duty (50%) & Excise duty (8.24%) as well as both Cess. Please let us know the duty structure of DTA clearance in relation to use of indigenous procured goods with relevant notification.

Dear Sir,

Please help me !!!!!!!!11

What is the meaning of following sentence?
it has been in RG 1 register.

CLOSING BALANCE :

1) In finished room.

2) In bonded Store room


kindly tell me meaning of second sentence.

Thanks & Regards,

Rajendra Ahire

we are taking 50% of Excise Duty, E.C. & SHE.Cess and 100% input on Additional Duty - (Imports) on Capital Goods and remaining 50% of input transferred to upcoming year. is it right to take 100% input on Additional Duty - (Imports) on capital goods instead of 50%? Please give us your valuable reply with notification Nos.!

Thanks in advance

Aravind Kumar

IS IT COMPULSORY TO HAVE TRIAL BALANCE IF WE HAVE TWO OR MORE UNITS, BUT THE FINAL SALE IS FROM THE MOTHER PLANT AND THE OTHER UNITS DOES THE SALE TO THE MOTHER UNIT.