We are a manufacturer exporter. We have given Letter of undertaking and renewing it yearly from 2003 onwards. During 2007-08 by oversight the LUT expired during June 31st and subsquently it was renewed only in September 10th.

Now the department is asking ( SCN given) us to pay the duty for the exports made during the period between July 1st to September 9th.

My doubt is obtaining LUT is only a procedure and there is no revenue loss to the government. Moreover we have the proof of export with us. If they insist to pay the duty, whether we can apply for refund or recredit based on the submission of proof of export. Please clarify the things at the earliest

Thanks in advance

Sir,

What is the procedure of Cenvat Credit Rule Against Capital Goods , How Much taken in Current Year & Blance Part taken Procedure .

Thanks

Abhishek Bhadaouria

9873925672

we are manufacturar exporter

i want to know that is it mantadery to maintain stock register RG-1 for maintaing the stock staus as per excise rules

what is the time limit for taking cenvat credit in central excise

We are Merchant/Manufacturer exporter

We have exported our material to foreign country without payment of duty, after export we came to know that they don’t want our material due to some technical changes in their machinery, so we want to call back our exported material.

There is no proof that Party has rejected the material for some other reason.

Now we wish to import/call back our material to our country.

Our Question is that,

1) What are the procedure related to import, is there is any concession for importing/call back the above material?
2) Whether it is treated as import for us ?
3) What about the call back Quantity in excise Point of view?
4) Whether we have to pay the Excise Duty since material is not exported?
5) Whether we can sell the above material to some other party on payment of Duty?
6) Whether we can re-export the same material to same Party?
7) Whether it is to be intimated to excise department when material reached to our factory within 24 hours.
8) What about the CT-1 whether it is to be cancelled?
9) Whether separate record is to be kept for this in RG-1.

Kindly give us the feedback at the earliest.


Thanks

Dear Experts,

We are availing SSI Expemption in Central Excise for Last Year, At the time availing we are crossed 1.5 cr limit. Our sales value 1.5 Lakhs excess thats why we Paid 12 Thousand excess ED without any collection, Pls help me Hw to Account this balance 12 thousand, Nw My ledger as show excess amount paid on excise duty

A manufacturing unit has the liability to deposit Excise & it takes Cenvat credit upon its purchases. Now the situtation is like this that on Purchase of Raw material it is paying excise @8% while on finished goods it is collecting excise @4%(as per excise rates). This way, his Cenvat credit goes on increasing every month & a huge amt as Cenvat credit is appearing as an Asset in his books which although can't be recd from Deptt. What should the co. do so that correct picture be shown in its Final A/cs?

Q.1. Cenvat credit of Additional Duty paid under custom act can be utilized against the payment of Excise Duty or service tax liability?

Q2. Cenvat credit of additional duty under national calamities or under other section can be utilised to pay excise duty or service tax liability?

Q.3. Cenvat credit of Education cess and higher education cess can be utilized for the payment of Service tax or excise duty or can be ulitilised for the payment of education cess or higher education cess?

For a unit under EPCG are there any concessions available for the excise duty on the indigenous capital goods. If not the duty paid can be availed as CENVAT credit.

Sir,


Can we utilize higher education cess to pay education cess liability in central excise.

i am waiting for your reply.
Thanks