This Query has 2 replies
Can first stage dealer issue invoice inclusive of excise instead of mentioning it separately?
This Query has 1 replies
We have two units, Unit I which is excise exempt unit and the other unit, Unit - II which is covered under Excise Rules. In our case we have earlier purchased Capital Asset in Unit II which is covered under Excise. Afterwards we have transfered this Capital Asset to Excise Exempted Unit I and we have also passed on the Excise amount as per bill. Excise exempted Unit I has recorded the Capital Asstet at full value including Excise. Again the same capital asset transfered to Excise applicable Unit II by Unit I.
We want to know whether excise exempted unit I can transfer the Capital Assets at full value including excise or it has to transfer only the assessable purchase value excluding excise.
Plz guide on this matter.
This Query has 1 replies
Hi,
We are a paper manufacturer.
We had been levying 2% Ed. Cess and 1% S&H Cess on the basic excise duty. Since the last audit, we had been asked to levy both Ed. cess and S & H cess on the paper cess as well.
Is this correct? If not, what is the notification where one can counter the claim of the excise department?
Thanks!
Shelly
This Query has 1 replies
hi friends i am working in iron & steel co.i have one doubt that cenvat credt for jcb proclainer it taken or not . it is mainly used in our plant. pls clarify this matter.
thanking you.
mahender.
my email.id. manilalitha25@yahoo.co.in
This Query has 1 replies
A is doing job work of painting powder coated on c/fan blades and geysers outer body for B in B's premises with himself with his labour on the material provided by B and billing made on the basis of completion of pieces and getting the paynment after deducting of TDS by B .these painting blades and outer body are finally assembled in the final product and is taxable in excise vide Code No.84149030 and 85169000 and excise duty paid on final product by B .
Whether Service Tax Provisions are applicable in relating to
1. Manpower Recruitment or Supply Agency's Services
2.Business Auxiliary Services
Here A is doing job work for B in B's Premises .
( BAL KRISHAN GARG )
This Query has 1 replies
A is doing job work of painting powder coated of Fan Blades and Geysers ( Outer body ) to be assembled in final product in B's Factory by himself and his labour and B is paying Excise Duty under Excise Terrif Code 84149030 and 85169000 on the complete product .
Whether Service Tax Provisions apply to A in regard to Manpower Recruitment or Supply Agency's Services or under Business Auxiliary Services in any manner.
Painted c/fan blades and outer body of Geysers will finally sold by B after assembling .
(BAL KRISHAN GARG )
e-mailid : gargbk2001@yahoo.com
This Query has 2 replies
Dear Experts
Is excise duty applicable or not? In case an manufacturing concern goes for works contract i.e goods transfering to works contract and then if finished goods at works contractor place took to the party (buyer of goods.
Make clear regarding when goods removed to works contract which duty is applicable and then when goods (i.e., finished goods) removed to buyer's place.. which duty is applicable?......
This Query has 2 replies
if x manufacturer manufactured excisable as well as exempted goods and unable to maintain sapeate books of account in such a situation he has an option to pay an "amount"(not excise duty) equal to 10% of exempted goods.
As cesses are payable on excise duty and not on "amount"....
on the above "amount", x has to pay any education and higher education cess or not?
please reply
THANKSSSS...............
This Query has 1 replies
Hello everyone
In the notification 8/2003 it is written in respect of inputs used in relation to first clearances upto 150 lakhs cenvat credit cannot be availed.but someone told me that there was an ammendment under which cenvat credit is not available to SSI even after the clearances of 150 lakhs.Can someone please tell what the exact present situation is?
This Query has 3 replies
Hello everyone
My query is regarding section11AC of central excise act.Under this section there is a provision for reduced amount of penalty in first and second proviso if the duty with interest and penalty is deposited within 30 days.This is when assessee does not go for appeal
But when assessee goes for appeal and loses in it then under third proviso he will be liable to pay the duty and interest and penalty on the amount determined under appeal whether increased or decreased.
Query:-Under fourth proviso the exact wordings are "provided also that in that case the benefit of reduced penalty shall be available if the amount of duty so increased and the interest payable thereon and consequential penalty paid within 30 days.
Does this mean that if the amount is determined under appeal and there is fraudcase the amount of penalty shall be reduced only in respect of the increemental amount of duty?i.e supose original duty determined was 50 lakhs and now if duty determined is 70 lakhs then reduction will be available for 20 lakhs only and in in other cases suppose duty determined is 30 lakhs then no reduction will be there.
please explain.
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