Hello,

Plz explain with supporting notification number or case law,what is the time gap between invoice & actual removal...Plz keep in mind that excisable invoice reflect the time of rasing the same...

Is the excise paid during the year is shown as expense in p&l a/c. for eg.


Excise output= 30000


input= 40000

Closing Balance = 10000


what is the account tretment of above?

We have purchased some Excisable material on 05.05.2008, also we have taken all the benefit as per Excise Act.. Now we have decided on 31.01.2009 to return the material to supplier as it is. So by which way should we return the material to supplier so that he can take a benefit of Excise?

Plz guide us how should we go ahead?

we are exporting goods to Nepal through Haridwar Unit (which is excise exempted unit).Party has demanded Nepal Invoice i.e;DRP Invoice. Rules regarding DRP invoice says,"PAY EXCISE DUTY THEN EXPORT THROUGH DRP INVOICE & THEN TAKE REFUND OF DUTY PAID" But in our Case we are even not liable to pay Duty. Will Excise department issue DRP Invoice in this Case. Can anyone help on this Issue please ??????

What is the procedure for filing the declaration by SSI unit after crossing 90lacs turnover?In which proforma it is to be submitted? Do we stop further sales after crossing 90lacs until the declaration is filed,or we can continue with our sales even in the meantime (i.e. before filing the declaration)?
Pls reply urgently.Thanks

CAN NON-MANUFACTURING COMPANY(UNREGISTERED UNDER EXCISE DEPT)TAKE SET OFF OF SERVICE TAX PAYABLE AGAINST EXCISE DUTY PAID ON INPUTES.PLS REPLY AS SOON AS POSSIBLE.

1. The unit is enjoying SSI exemption notification. Now the exemtion limit crossed. During 07-08 the turnover was below 1.50 Crores and in that year it acquired capital goods with a cenvat of around Rs. 3 Lacs. As now the limit crossed whether the cenvat of Rs. 3 lacs can now be taken into accout for payment of duty.

2. Whether goods manufactured for capitive usage ie., moulding boxes is treated as value for the purpose of 1.50 crores exemption or to be included.

3. Whether Sales rejection is to be considered for 1.50 crores exemption.

would be grateful if someone could suggest a book wherein the journal enteries for excise / cenvat are given?
Thanking you in anticipation!
With warm regards & best wishes!
Rajkumar

Ours is a Export oriented Mfg. Company.(Not 100%)
Total Turnover consist 70-80% Exports.

What are the ways for Refund of excise?
Is there any way so that We need not to pay Excise and avoid Refund procedure?

The other thing is that how can we avoid to pay excise on input raw materials which are used for Mfg. activity and the Final Product is sold out in Domestic as well as out of India.

Pls. give me the solution.

Ours is a Export oriented Mfg. Company.(Not 100%)
Total Turnover consist 70-80% Exports.

What are the ways for Refund of excise?
Is there any way so that We need not to pay Excise and avoid Refund procedure?

The other thing is that how can we avoid to pay excise on input raw materials which are used for Mfg. activity and the Final Product is sold out in Domestic as well as out of India.

Pls. give me the solution.