Dear Sir,

A unit is engaged in manufacture of wires. Before removal the wires are inspected by the purchaser. Samples used for inspection (Testing) are not billed to the purchaser but retained as scrap. What procedure has to be adopted for showing the same in excise records i.e. how the quantity will be reduced in RG-1 for finished goods and increased in scrap of constituent raw material. Also guide if there will be any duty impact i.e reversal of credit, etc.

Thanks in Advance

claim for excise duty

We are garment manufacturer and trader.

Some garment is made by us and some we just trade. Buy from one and sell to other.

We buy packaging material from packaging material company and also trading goods locally, and interstate too. Such vendor / supplier charge excise duty in their invoice apart from vat since they are manufacturer.

In what conditions, we can claim for refund of excise duty or set off against vat or excise duty?
Also If we can set off, Agaist the excise duty on trading material or excise duty on our own manufactured garments.

Please help me out. Looking for your support.

Sir,

what are the depn rates as per IT Act, on the following assets

Invertor
Battery
Software
Printers-laser
Printer - dot matrix

The company has a policy that assets will be purchased for employees and the cost will be recovered from the employees in the next four years. When the employee will leave the organisation, the asset will be transferred to the employee.

Can the same be treated as a fixed asset and depreciation can be claimed???

Hi everyone...

I have completed my IPCC in Nov 12 . I have given exams of T.Y B.com which were finished on 9th March and started my articleship from Today. I am awaiting for the results of T.Y B.com.

Whether i have to fillup form 112 or not.

Please advice me what to do.....

Dear Sir,

I have purchased a house property in the name of my wife.

During the year I have paid interest on housing loan of 190000/- and principal repayment of 120000/-

the loan is in my name but house in the name of my wife.

can I claim deduction u/s. 80C and u/s. 24(b)

Regards

We are a Limited company (not public/listed co)we have 4 directors. one of whole Time Director paid salary of rs.195/- lacs for FY 2012-13. pls. any restriction in companies act, IT act, if restriction is there what is the remedy.

Dear Sir,

I work as a salaried employee with an excise registered proprietorship company. I was issued offer letter with the excise registered company and received salary cheques from its other company which is non-excisable. Till December,2012 there hasn't been any deductions. In January, 2013 an amount of Rs.5,000/- was deducted for TDS.
On March,13,2013 my employer said that he couldnt provide me Form16 as his company is not registered under TAN. He told me to file returns on my own and said that he would refund the amount of Rs.5,000/- deducted for TDS. I was asking Form16 from my employer for the financial year 2012-13.Kindly advise the proceedings to be done in this case.I fall under the salary bracket of around Six Lakhs
Request your feedback at the earliest.

Pls Gide Me that I have filed my ITR-4 for Ay-08-09 for respective year & than I have not filed my ITR-4 (My income is not taxable)but now I want to file my ITR-4, Can I File It?

For right information go to rbi site>bankers>appointment of statutory auditors. Till date only list of SCAs is being shown on this link and list of bank branch auditors (SBAs) is not to be hosted...

My friend received allotment of 2 branches from INDIAN BANK...??????

Is it possible..????????????