If we have imported a capital goods in bonded weare house & use in production for 10 year. at prasent the company have no business due to that company surrendr the STPI licence with authorty & all the goods are debounded from coustem,
in this situation please advice on below mention point
1. we can sale the debonded goods in open market.
2. if yes what the proceduer. if no.
3. how can dispose the goods.

Suppose if I am selling MS Pipes which is liable to excise duty.For that I had made a invoice and charged excise on the same. Now I am also showing Freight charges charged on the party after valuing the goods(incl.excise on the same). I want to know whether freight is liable to Service tax or Excise since I am showing it in the excise invoice. I have also my service tax regn. no. PRESENTATION :

Goods value xx
excise xx
____
total xx

freight xx
s.tax xx
_____
total invoice value xx

Is this a fair practise?

What is third party exports??

PLease explain in relation to garment busniess..

We are in manufacturing industry of automobiles, for us our suppliers manufactureing the tools to supply the inputs on boughtout basis. We will make the full payment on tools when the compeltion of tool process.
1) The tools are lying at vendor end.
2) Vendor have raised the excise invoice without moving the tool and we have made the payment based on the vendor invoice and also we availed the cenvat credit


What is the procedure to be adopted for the above issue?.

anybody have facing this kind of issue pl clarify.

Dear Sirs,

Which is opt document for taking CENVAT credit.

Is the duplicate for transporter copy(Invoice) is only document for CENVAT credit?

Can we take credit on the basis of any other copy? i.e. Original for Buyer

we have purchase a capital goods in 2001
now we want to sell it or want to transfer it to our another plant

pls advice wht amount of duty we have to dabit
1 on the amount which come after depreciation

or

the duty amount which we credit at the time of the purchse of the capital good

pls advice

thanks & rgds

RK SAINI

I'm working as Senior Accountant working in a Company who machining Loco Wheel and Axcel which covered under chapter 84. We purchase tools like Screw, Tungstone which is fall under chapter 8209,8466. Now The Superintend of C.E. deny Cenvet Credit on Material. Pls suggest me whether We can avail Cenvet Credit on these Items.

Where any unit is producing excisable intermediate product all of which is being used (Captively Consumed) in manufacture of excisable finished goods within the same factory, what will be treatment of intermediate product for excise purpose? Will the assessee be required to maintain captive consumption invoices? Also tell if benefit of notification no. 67/95 will be available to assessee or not? If available then intermediate products are exempt then also will the assessee be required to issue invoices for material captively consumed(which is exempted as per notification)?

12.10.2009

To All Members

My client is a manufacturer of leather bag and present turnover is 98 lacs (95 lacs export sales and 3 lacs local sales) and it is an SSI Unit.
1)What is the limit amount to get registration under Central Excise in case of an SSI Unit?
2)Is the "Labour Charges Received" include in the turnover of Mfg.sales at the time to judge the limit for registration?
Example: Mfg export sales 1.45Crore+ Local Sales 4 lacs+ Labour Charge Recd Rs.10 Lacs=Total Rs 1.59Crore. Then will this SSI unit company will get registration under the C.Excise Act.

Shome Nath Pyne.

dear friends
under the excise act which are R-20 Goods and Notified goods.

thanks