hi! I need to know the rate of excise duty applicable to various fmcg goods. I am not able to find various fmcg products like hair oil, shampoo, toothpastes, soaps, detergents, Chyawanprash, glucose, honey,digestives, Air Freshners, Mosquito Repellent, Floor cleaner, dish wash, Toilet cleaner, Kitchen Cleaner, skin cream, etc under the Schedule I to Centarl Excise Tariff Act. I have checked the Tariff details given chapterwise on cbec site. However there it does not have details of all chapters & all items. Can some1 tell me the details of the rates applicable along with the respective product's chapter, heading & sub heading no. under Schedule I of Tariff Act? Please tell me where to find these tariff product details? Also what are the exemptions available to such goods? Aslo in case of products based on MRP based valuation, what is the speciic abatement rate for the product?

Kindly clarify the rates applicable to :

1) Service rendered on or before 24 Feb 09 but bills raised after 24 Feb 09

2) Advances received on or before 24 Feb 09 but services rendered after 24 Feb 09

Hi,

The Bonds which are covered u/s sec. 80 C of the I.T.Act - (For eg. IDBI Infrastructure Bonds)- when at maturity we get principle amount of such investments whethere such principle amount is treated as Capital Assets and taxble as cpaital gains or not under the head Capital Gain.

interest which we are getting regularly are taxable as other income.

bhakti


bhakti

if a private company has two director and one of them has resigned and only one director is continuing what are the conseqences and remedies

How is available surplus calculated ?
Plz provide an ex.

I have cleared my CA Final in Nov 2008. I have done my articleship in the areas of Tax Audit and other taxation matters. But now I am interested in the field of finance (Asset management, equity research etc.). will it be possible to get a job in this field during campus placements of institute with no work experience. I have also registered for CFA US Course . please suggest how can i find the right job.

please tell me..in Hariyana what is time limit for collection of C form of Sales against C form. Is there any penalty, if it is collected next financial year..

I completed my CA Final and i will be completing my articles by september. i am interested in CISA. Pl tell me the procedure for CISA such as course structure, duration, eligibility, fees and exams..

We are a chemical manufacturer.Presently we can not avail cenvat credit on cement used in capital goods,i.e. like chimney and other supporting to plant machinery.
Can we avail cenvat credit on cement used in capital goods.We are also used cement for following used.

1 Boundary wall of storage tank(safety purpose)
2 Construction of repair of road in factory premises.
3 Repair of building and plant machinery.(which is covering for plant and machinery)
4 Repair of building in colony of companies.

Can we avail on cenvat credit on cement above used.We also refer two cestat case which is content is as follows

CESTAT, MUMBAI
BHUSHAN STEEL & STRIPS LTD. Versus COMMISSIONER OF C. EX., RAIGAD
Dated: 14-12-2007

Central Excise - Credit allowed on cement & CTD bars as these are support of capital goods –credit allowed on cellars as they are technically necessary & integral part of plant – Mfg. process requires controlled temp. & dust free environment so credit is allowed on roofing material used to provide cover for plant – aluminum wires/cable/conductors, electricity transmitting tower welding electrodes, wires are eligible – but credit is disallowed on excavators & material handling equipment i.e. tippers & spares


CESTAT, MUMBAI
LLOYDS METAL & ENGINEERS LTD. Versus COMMISSIONER OF C. EX., NAGPUR
Dated: 26-02-2008

Central Excise - Whether steel and cement used in foundation of kiln, cooler and chimney are capital goods in terms of definition thereof in Rule 2(a) of the Cenvat Credit Rules – whether they are eligible for credit as capital goods – Held, yes - using steel and cement for providing the necessary foundation and support for the capital goods, are eligible to CG credit – denial of capital goods credit on Helmets (for safety of their employees) is justified because this denial is not challenged by assessee

My query is on the above case basis can we avail on cenvat credit on cement used in capital goods and other used.

We are a manufacturer of chemical.Presently we can not avail cenvat credit on cement used in capital goods,i.e. like chimney and other supporting to plant machinery.
Can we avail cenvat credit on cement used in capital goods.We are also used cement for following used.

1 Boundary wall of storage tank(safety purpose)
2 Construction of repair of road in factory premises.
3 Repair of building and plant machinery.(which is covering for plant and machinery)
4 Repair of building in colony of companies.
5 Construction of Chimney and capital goods

Can we avail on cenvat credit on cement above used.We also refer two cestat case which is content is as follows

CESTAT, MUMBAI
BHUSHAN STEEL & STRIPS LTD. Versus COMMISSIONER OF C. EX., RAIGAD
Dated: 14-12-2007

Central Excise - Credit allowed on cement & CTD bars as these are support of capital goods –credit allowed on cellars as they are technically necessary & integral part of plant – Mfg. process requires controlled temp. & dust free environment so credit is allowed on roofing material used to provide cover for plant – aluminum wires/cable/conductors, electricity transmitting tower welding electrodes, wires are eligible – but credit is disallowed on excavators & material handling equipment i.e. tippers & spares


CESTAT, MUMBAI
LLOYDS METAL & ENGINEERS LTD. Versus COMMISSIONER OF C. EX., NAGPUR
Dated: 26-02-2008

Central Excise - Whether steel and cement used in foundation of kiln, cooler and chimney are capital goods in terms of definition thereof in Rule 2(a) of the Cenvat Credit Rules – whether they are eligible for credit as capital goods – Held, yes - using steel and cement for providing the necessary foundation and support for the capital goods, are eligible to CG credit – denial of capital goods credit on Helmets (for safety of their employees) is justified because this denial is not challenged by assessee

My query is on the above case basis can we avail on cenvat credit on cement used in capital goods and other used.