Dear Members,

If an assessee aviled the credit and which proves to be wrong by dept. and it covers under fraud, collusion, willful mistatment.So, is it possible to pay the penalty and make the credit regularised and can take in books again?

its just like as penalty is paid now can credit be allowed as i defence that i paid the penalty for what i done wrong.

Thank you

We purchased excisable goods 50 nos @Rs.10 and we have taken ful cenvat in the month Aug'09. In the month Sept'09 we found 5 nos damage. So, we have to reverse 5 nos in the month Sept'09. So, which column in the return form -1, we have to show this figure.

Dear Sir

Pl. provide the procedure as material supplied to 100% EOU unit against CT-3, But the same material rejected and send back for rectification, what is the procedure

dear sir,

we would like to know what is the exemtion limit for starting the charging the excise duty to our customer in invoices ? Upto how much turnover, excise should not be charged ?Pl. explain basic rules of excise exemtion for a manufacturer who is mfg. excisable procucts.

regards
anckoora.

Dear Sir,

When I am Importing goods in Consetional rate of Duty , then I requre to Submit Consumption Report Monthly to excise dept. ??

If yes , can I get official format of the same or where i can get it?


Thanks

Dear Friends,

We are having a partnership firm "JAYMAL EXPORTS" and are going to export our products to countries outside India. I am worrying about the following..
1) Can IEC be issued to two firms having same names?
2)How to check whether the name "JAYMAL EXPORTS" has already been registered or not?

Please reply me urgently, for which i shall be highly grateful..

Dear Sir,

We are a 100% Export Oriented Unit One of our customers who is 100% EOU has issued Procurement Certificate instead of CT 3 can we clear the said goods against Procurement certificate without charging Duty.

if i have 2 take cenvat credit on capital goods then whether education cess & highier education cess also to be taken as cenvat credit. For Example

cost of machiene 100
add- Exice Duty 16
Add Edu.cess @3% .48
----
116.48
Vat - 4.65
-----
121.14
-------
Now what amount should be trancefred 2 cenvat credit and what amount 2 machine a/c/

sir ,
i am a ca final student and my attempt due is in nov10 but for idt i can,t take coaching from deepak gupta as the reg. is full of nov. batch 2009 and next year may10 batch will go n till sep. end so now i think there is no teacher in delhi equal to dg sir standard .
plz help me . what are the options available to me to prepare for idt let me know in advance

reply as soon as possible

Is there any eligibility for getting refund of acumulated Cenvat Credit for the manufacturer of some exciseble & some Non exciseble goods (distilary). Now the unit is closed.

CH.L.N.SASTRY
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