dear sir,

we are an excisable mfg. unit. we want to import one of our main raw material from a party who does the business of import / export in india-but he has no regn. with excise, being a trader.By using this imported raw material, we will manufacture and sell our final products locally (within india). Now this party will (Buyer) will import the goods. Foreign exporter, in his invoice, will show his name as Buyer and our name as Consignee.We have all necessary regn etc. We will pay the duties & excise etc. and will receive the goods in our factory. Now, (a) Can we take cenvat credit of import duty / CVD / ADI / Excise etc paid by us ? and (b) if yes, can we utilise it to clear our finished goods locally ?

In one of the our company the whole equity has come as FDI. Than after we have received fund from our foreign holding company for which we havn't given any intimation to RBI for tha same.
I would like to know that which form i require to submmit with RBI and what is the procedure and time period for the same intimation....

Dear Sir,

Please clarify Is there any procedure to submit to Excise Dept if the manufacturing/production running other then Excise Registered premises?

Thanks & Regards

venkatesh bomma

WE HAVE RECEIVED TWO TYPE OF BILL FROM OUR CONTRACTOR I.E. ONE FOR MAN POWER VALUEATION WITH SERVICE TAX AND SECOND FOR LOCAL EXPENSES I.E. TRAVELLING EXPENSES,FOODING ETC. NOW MY QUESTION IS ON WHICH BILL TDS SHOULD BE DEDUCTED OR ON BOTH BILL TDS SHOULD BE DEDUCTED.

A CO.IS PAYING TRANSPORTATION CHARGES TO A FIRM WHICH IS UNREGISTERED UNDER SERVICE TAX. BUT THE SERVICE RECIEVER IS REGISTERED CO. SO IN THIS CASE DOES THE CO. HAVE TO PAY SERVICE TAX AND AT WHAT RATE? AND PLZ MENTION WHICH ARE THE OTHER SERVICES ON WHICH SERVICE RECIEVER HAS TO PAY TAX IF NOT CHARGED BY SERVICE PROVIDER.....

Hi,
I wanna know that what is the time limit of assessment of a individual, firm, company etc.
like for f.y. 2008-09, after what time a individual or a firm or a company can know that there will be no notice etc can be issued by income tax department after a such date.
Please tell me.

Thanks
Praveen

Interest rate mentioned u\s 234C(a)(ii) & 234C(b)(ii) is only one percent i.e. it is not mentioned whether 1% per month or anum unlike in 234(a)(i), where it specifically given that 1% per month. In this case how we can interpret? Is there any other circular\notifications etc confirming the above?

The section 217 is about the disclosures to be made in Board of Directors report.IS Section 217 applicable to Pvt Ltd co.IF yes,


Suppose chairman is other than MD and the salary paid to chairman is more than MD. Do we need to disclose the same in board report U/s 217(2A) and Notes to account of the company.

Please confirm

Hi,
Please tell me what is the procedure to change the auditor of a listed company please give me step by step information.

Thanks & Best Regards
Praveen

I had a doubt regarding Service Tax on Software Development Companies.

I am currently doing an audit of a Software Development company who are not paying any Service Tax on the grounds that it is not applicable to them. Is their view correct?

I was under the impresion that Service Tax is applicable even to Software Development Companies as well!

Kindly Help

Regards
Narendra Pingale