WHAT IS THE FULL FORM OF ECC NO?

I have wrongly deposited amounting to Rs 3,50,000/- to education cess head ( Code No 00380111) instead of Basic excise duties head ( 00380003) and same type mistake Rs. 5000/- deposited to basic excise duties head instead of education cess head. ( interchange worngly) though e-Payment (Net Banking), what provision for rectification and What procedure and which section can you help any person please

Plz help on following giving reference of relevant sec/Rule /case law.

Original purchase price is 100 excise duty paid/cenvat availed on 100 Rs .

Subsequently price finalized with seller and final price is 80 .Now the seller is giving credit note for price difference i.e 20 Rs and not for excise component .

Can we claim cenvat on duty paid on 100 Rs.??

CAN A 100% EOU TAKE INPUT OF CAPITAL GOOD AND CLIAM REFUND OF IT.

UNDER RULE 5 OR 6(6)
IF NOT PLZ REFER ALL SOLUTION OF IT

Hi...

Can the output service provider, providing both taxable and non-taxable service, avail the credit of excise duty paid on the input goods?

Assuming he is not maintaining separate accounts regarding the consumption of input goods in each service.

Dear Sir,

We are going to set up fruit processing plant.The plant will consist imported as well as indigenous capital goods. My question is whether we can procure indigeneous capital goods free of excise duty if we get the status of 100% EOU ?

One dealer is setting up a new unit at different place and it will only job-work at that unit ( Raw material will be provided by customer and client will use consumable and its machinery for production). Customer is situated in Maharashtra and it is an EOU. Machinery required for unit II is Imported Machinery. Now we have folloing alternatives:-
a) Get Registered as EOU: We will sale the goods to another EOU and that party will do the export. (Benefits - duty free import of machinery)

b) Apply for EPCG : (Benifits - import of machinery at concessional rate of 3%)

c)Just take regular Excise registration and not to avail any benefits [Drawbacks : We have to pay customs duty (basic & CVD) ]

Sir, please guide about the appropriate alternative that the we should take.

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?

What is the final outcome of latest judgment given by the Bombay High court in regards to Sericve Tax on rented property for commercial use?

What should retailers do? Should they give undertaking or should they pay service tax as they are doing until SC decides in the matter?

All Experts.... pls. reply....

I am CA final student. I have a query about export sales made by HEOU.



1. When an Export sale is to be booked in Books of account, we have convert it in to Indian Rupee (base currency) for booking sales. As per accounting standard (AS11) we have to convert it by using exchange rate on the transaction date i.e. Bank rate.
2. According to Excise dept., we have to use exchange rate as per Government notification for calculation of excise duty.

3. If we follow point 1 & 2 sales as per excise records & sales as per books of account will be different; and at any time (e.g. during audit) excise dept. will ask to match the sales as per books of account.


Now, my questions are…



1. Is it necessary to use exchange rate as per Government notification for calculation of excise duty? If Yes, why? Because excise duty is to be paid on “transaction value” and there is no specific mention in Central Excise Act to use exchange rate as per Government notification for calculating excise duty (unlike in Customs Act, where there is specifically mention to use exchange rate as per Government notification).

2. If we have to use exchange rate as per Government notification for calculation of excise duty, how can we match the sales data as per books of account and as per excise records, as required by Excise dept.? And will they accept the argument for difference in sales.

Matang Parekh