We are a MNC auto-ancillary unit. Our plant is scheduled to commence operation by 2010. In the meantime, we are importing material and passing to a Job-worker who does the conversion using imported/indigenous matl. He hands over finished goods to us for sale to our customer in India.

Query : We want to import material in our name and pass on to job-worker, so that he can avail CENVAT benefit and pass the same to us.
Pls let us know how to enable the job-worker to avail CENVAT ?
We only have a Regd. office. in India and cannot inward the import material into our premises. The imported material has to go to the job-worker premises directly. The title of the goods should be with us. (Earlier practice of endorsement of B/E has been dispensed with now).

Regards,
J Balasubramaniam

We are a MNC auto-ancillary unit. Our plant is scheduled to commence operation by 2010. In the meantime, we are importing material and passing to a Job-worker who does the conversion using imported/indigenous matl. He hands over finished goods to us for sale to our customer in India.

Query : We want to import material in our name and pass on to job-worker, so that he can avail CENVAT benefit and pass the same to us.
Pls let us know how to enable the job-worker to avail CENVAT ?
We only have a Regd. office. in India and cannot inward the import material into our premises. The imported material has to go to the job-worker premises directly. The title of the goods should be with us. (Earlier practice of endorsement of B/E has been dispensed with now).

Regards,
J Balasubramaniam

Hi,

I am appearing in May 2009 examination of PE 2

1. I have the business and corporate law study material updated as on 15th Nov 2005 and published on September 2006. Is this book relevant for May 2009 examination.

2. Like above for auditing i have book published on September 2005.

Is above 2 books relevant for May 2009 examination.

Please advise

Thanks and Regards

Hi friends -

If only a part of the advance tax due on 15/12/2008 is paid before that date. Say 60% is paid & balance 40% is paid on 15/3/2009, alongwith the advance tax due on 15/3/2009.

Please advise a.s.a.p. - what will b the rate of interest to be paid for the shartfall of advance tax (due on 15/12/08) & the period for which such interest is to be paid.
Also advise what would be the other monetary & non monetary consequences.


Thanx in advance,
Vishwas

I understand that a foreign company has the option of starting a business in India through a plethora of options - liason offices, branch offices, subsidiaries etc.

Assume that a foreign company chooses to open a liaison office and does so. What I would like to know is if there is a special procedure that a company is expected to follow if it want to convert this liaison office into a wholly owned subsidiary?

wheather we should study notification no. in serv tax/?
is it ok to study only notification no. without its actual date/?

Our client is involved in collecting urine samples for testing for diagnostic purposes.Is service tax applicable for such service? If yes ,under which category ?

What are the situations under which an underwriter likes to or can exercise the greenshoe option? Have there been any recent instances in the Indian IPOs?

sir,

Whether excess payment of service tax under one Service Tax Registration No. (for one service) can be adjusted against short payment of service tax under another registration no. (for another service) being provided by the same organistion?

If yes, please let me know the relevant section and rules in this regard.

sir,

Whether excess payment of service tax under one Service Tax Registration No. (for one service) can be adjusted against short payment of service tax under another registration no. (for another service) being provided by the same organistion?

If yes, please let me know the relevant section and rules in this regard.