Please explain me a Procedure of Sub-Contractor and how to maintained a records related to Excise & Accounts and what are the forms are prepare and how to reconcile the quantity also.

1) Dealer is a Pvt.Ltd. Co. engaged in producing automobile parts (both with material & on job-work basis). It sales major part of production to a EOU without levying CENVAT duty. And therefore it has CENVAT Credit balance of around Rs.12lakhs which is untilised since 2 years. And because of this fact now they are not taking credits of new machines purchased as they can at least claim depreciation on the duty for Income Tax purpose.

Whether we can claim this balance credit as refund and what procedure we should follow?

Dear Sir,

Can you pls.explain what is CT1 and CT3 and the difference between this two.

Thanks
SF FRANCIS

Sir,
I want to know that I am send by good to SEZ unit at what is processuer we have to obtain for same can u tell me that we ahve send good under nil rate of duty and after taking of CT3 ,waht is mean by CT3.
inthat area we have to make the ARE 1.

How Discount will be treated for the purpose of transaction value calculation.... any one can explain me the same??

can you tell me the processure of CT3 as per my knowledge if we sell the goods in government declared exempted area. It is correct. Clearance under CT3 is the same processure which is mention as per direct export processure.
Can you send me the format of CT3.

Can send me the CT3 Format, what is provision for CT3 If we sell our goods in exempted area then only cT3 is applicable.
Which prequoation we should have taken under clearance under CT3.
This processure is seperate than our export processure .

Hello

Whether invoice under excise is required to be raised on consignment agent when the goods have been sent to him on consignment basis?
My client sends the goods to consignment agent but the property in goods in not transferred.

Can consignment agent raise another invoice under excise for goods which he does not own?

Hello Friends,

We have received some moulds Free of Cost from our overseas customer for supplying their components manufactured from their moulds. We have debited the custom duty paid by us on those moulds to that party. We have not taken any Cenvat Credit of CVD involved in those moulds.
Kindly clarify :
1) Whether we should account those moulds in our books since those moulds belongs to that party ?
2) And how should we send back those moulds to that party ? What will be the Excise and customs implications ?

One of my friend's company manufactures electrical goods whose turnover is about 90 lacs .They are manufacturing goods in their own registered brand and other brands. For their own brand goods clearance they pay no excise but for other brands, they pay full excise.

A company has approached them to manufacture goods in their brand XX for which an application has been filed with the trademark, but the brand is still not yet registered.They are willing to license/assign/NOC the brand XX to my friends company for manufacure of goods in XX brand.

Pls let me know whether is it possible to clear the goods for my friend in XX brand without payment of duty till 1.5 cr.?? If possible,Pls give some notification/judgements/circular or some suggested reading/web address for better understanding.

Thanks.