A manufacturer manufactures a product ‘C’, which is chargeable to excise duty. He avails MODVAT credit of the duty paid on the inputs, which are used in or in relation to the manufacture of product ‘C’. The product is an intermediate product and is consumed captively in the factory for manufacture of the final product. The final product is wholly exempt from the payment of duty under the Central Excise Act, 1944. While determining the assessable value under Rule 6(b)(ii) of the Central Excise (Valuation) Rules, 1975 the manufacturer does not include the element of duty paid on the inputs. The reasoning advanced by the manufacturer is that since credit has been taken of the duty paid on the said inputs, the cost of manufacture automatically stands reduced to the extent. Explain with reference to decided case law if any, whether the stand taken by the manufacturer in not including the duty paid on the inputs for purposes of valuation is correct?
Does a Software Import thru a Download from Internet attracts custom Duty...
I have a query regarding ACD. After issuance of customs notification no. 102/2007 dated 14/09/07, Can additional custom duty on imported goods be passed on the consumers through cenvatable invoices.? Here in the market, there is rumour that w.e.f 14/09/07, Importer can not pass on ACD through Cenvatable invoices. Is it correct?? Please reply my query...
I have a query regarding ACD. After issuance of customs notification no. 102/2007 dated 14/09/07, Can additional custom duty on imported goods be passed on the consumers through cenvatable invoices.? Here in the market, there is rumour that w.e.f 14/09/07, Importer can not pass on ACD through Cenvatable invoices. Is it correct?? Please reply my query...
Q. What are the procedure and requirement to get the license for EPCG ?
Dear all,
PLs. give me in detail,the procedures & documents required for getting Import & Export Code.
Thanks & Regards
ca sanjay chaudhary
for cs intermediate students, is the study material of institute enough for preparation of exam
please tell me in detail about DEPB and EPCG scheme for export.
Whether a DTA Unit in India can import Goods (i.e. Rough Diamonds) for Job Work and export it back to the party? If yes, please let us know the provisions and procedures applicable under various laws & acts of our country.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Exports schemes