Sir,
I am from Pharmaceuticals Co.
Pl advice for Excise duty on Phy.Sample should paid on PRO-RATA value of retail sales Price (RSP) or PRO-RATA value of Max. Retail Price(MRP)? If on RSP , it different to state wise , which RSP should be considered?
Thanks & Regards

My one of the Client i.e. L&T Surat want to avail the benefit of a notification issued u/s 5A of Central excise Act 1944 granting exemption of duty to excisable goods when used for specified purpose in that notification.
My Client has fulfilled all the conditions to avail the benefit and one copy signed by assistant commissioner has been forwarded to us.

Now my question is: whether i Can avail the cenvat Credit on inputs acquired to manufacture the goods for L&T or not.

Kindly Reply Only on Today, its urgent

Regards,

CA Mridula Goyal

Dear Friends,

My one of the Client i.e. L&T Surat want to avail the benefit of a notification issued u/s 5A of Central excise Act 1944 granting exemption of duty to excisable goods when used for specified purpose in that notification.
My Client has fulfilled all the conditions to avail the benefit and one copy signed by assistant commissioner has been forwarded to us.

Now my question is: whether i Can avail the cenvat Credit on inputs acquired to manufacture the goods for L&T or not.

Kindly Reply Only on Today, its urgent

Regards,

CA Mridula Goyal

This type of sentence we can see in many notifications of Central Government/CBEC. For Example Notification No.7/2008-Central Excise (N.T.) the link of which is as below.

http://www.cbec.gov.in/excise/cx-act/notfns-2k8/cent07-2k8.htm

Now, the question is how we can know about the date of its publication in Official Gazette.

What is the purpose achieved by asking client to reconcile his sales turnover reported in excise returns for the entire financial year with the turnover reported in the financials(i.e. Profit and loss A/c)? Basically i wanted to know why is a client asked to prepare reconciliation statement of excise with financials. According to me sales turnover reported in financials should reconcile with his sales tax returns because Excise duty is payable on production stage.

Dear Sir,

Whether Weighing bridge is attracted to Excise duty or not????

I have a formulation unit, and planning to get my products jobwork done and packed in my 'branded label' with MRP printed on it.

Pls. let me know what is the Excise Duty the jobworker charges in this case?

some body say '(MRP - 30%) x 16.48%' and others say it is '(MRP - 40%) x 16.48%'.

Kly. Guide me to right direction.

K.S.Senthilkumar

we are manufacturing of various types of cranes
1-we are onlu corporate office
2-we are purchase various types of cmponents in the open market and assembles in the purchasers premises and sold to them and fit in their premises
3- we are not any manufacturing unit
4-we are not ssi unit because we are handle all activities in our office only
5-whether exemption limit of rs.150 lakhs is available to us or not
we are registerd as a srvice provider in service tax and paid service tax time to time whether we are tranferred from service tax to exice or not
6-pl clerify whether we are transferred from st to exice as a manufacteres

Dear Sir,

Please explain the concept of excise bond for Import of Raw material which is finally going to be part of exportable finished goods.

Whether we need to release it before making export ?

We are manufacturers of industrial UPS & DC power system.
There are many customers who intend to buy our product utilizing their EPCG License.
There is a difference of opinion on how to execute the transaction. We have been suggested differently by customer & excise.
I seek your valuable advice on what is the correct way as per laid procedures.
Method:1> Suggested by Customer
Customer will provide invalidation letter of EPCG to us and we will bill only @ 5.15% duty (concessional duty) instead of 16.48% (Full excise duty)
Method:2> Suggested by Excise Department
Customer will provide invalidation letter of EPCG to us and we will bill @ 16.48% duty (Full excise duty), later customer will apply to DGFT for claiming Excise duty refund (duty drawback)
Please also conform what is the present rate of duty against invalidation letter of EPCG.
Looking curiously for your reply.