WE ARE MANUFACTURER OF STAMPINGS AND ALSO DOING JOB WORK. WE SOLD SCRAPS ARISING FROM JOB WORK AND CHARGED PLA DUTY FROM THE CUSTOMER AND PAID. BUT MY QUESTION IS THAT CAN WE AVAIL CENVAT BENIFIT ON SALE OF SUCH SCRAPS ? AND IS IT REQUIRED TO PAY DUTY TO THE MANUFACTURER OF WHICH JOB WORK HAD BEEN DONE ?

Hello Everybody,
I wnt to know that what are the condition for tds rounding, means whether it is rounded near one rupee or near to ten rupee, and what is the relevant section for this.
And if the rule has been changed for rounding off the tds then please also provide the relevant circular no.or notification.

Dear All,
An importer imported capital goods worth EURO 450000. 50% Advance payment was remitted through Bank "A" and after that goods was shipped. Original documents were received through bank "B" and balance 50% payment was remitted through bank "B". Now, as per RBI rules, importer has to submit proof of import i.e. Exchange control copy of bill of entry to bank through which import payment was remitted. In this case what should importer do ? to which bank he should submit bill of entry.

What is last date for deposit of professional tax??

my company into digital meter manufacturing. we get order from various electricity board through tender. one order is for supply nad other for installation and maintenance. they deduct tds both from our matarial bill and installation bill @ 11.33%. we submit separate bill for supply and installation.

Please let us know whether it is correct.plase provide some case studies.

Regards

Pradipta

Please let me know when are the results for Final NOV 2008 expected to be declared??

As per AS - 2, inventories shall be valued at the lower of cost and NRV

Exclusions from the cost of inventores:
(1) abnormal amount of wasted material, labour or other production cost,
(2) storaeg costs unless those costs are necessary in the production process to further the production stage,
(3) administration overhead that donot contribute for bringing the goods to the present condition and location; and
(4) selling and distribution costs;


What is "distribution cost" in the above clause ?

Sir i am an acoountant and doing part time hojb. I want to know abount maintaining books of accounts of various kinds of business and also want to learn aboubt proper account head , finalisation etc.

Please let me know when are the results for PCC NOV 2008 expected to be declared??

Sir i am an accountant.I want to know about maintaining the books of accounts properly eg accounts head , finalisation etc.