Er-2 return filing

This query is : Resolved

Jyoti (Querist)
Follow

07 January 2016 Hi,

We are new STPI unit can some one guide me how to File-ER-2 return for past 4 months. i Have export figures with me what all details will be required for filing the return. and will there be any penalty for non filing of the Excise return.

Tks

ANIL JANGID

ANIL JANGID (Expert)
Follow

07 January 2016 .you have to filled name tarriff heading production,clearances dta clearances,deemed export,physical export,excise duty paid,bank payment,free input received,free input import,detail of capital goods cenvat availed utilised in er-2 return etc.
Now Penalty clause is inserted for late filing of Return.Penalty of Rs 100/- per day is payable for after due date till filing of return, subject to Maximum of Rs 20000/-

Jyoti

Jyoti (Querist)
Follow

07 January 2016
But we are into IT Services and business process outsourcing what should be the CETSH no. in this case then. there is no physical export.

Jyoti

Jyoti (Querist)
Follow

11 January 2016 Hi,

Can someone help me in point number 7. Details of Duty Free Captital Goods Received by the unit. of ER-2 return what figures are for opening balance and closing balance is this the Assessable value of the goods.

Thanks
Jyoti

ANIL JANGID

ANIL JANGID (Expert)
Follow

11 January 2016 if any capital goods (plant and machinery) duty free received please mention its figure in particular month.

Jyoti

Jyoti (Querist)
Follow

11 January 2016 Thanks for the reply. can you help me with What will be the closing balance and opening balance if there was no transaction in the particular month.
Rgds,
Jyoti

ANIL JANGID

ANIL JANGID (Expert)
Follow

11 January 2016 If there is no transaction opening and closing balance will be same.

Jyoti

Jyoti (Querist)
Follow

01 February 2016 We are STPU unit we are extending our floors do we need to wait for expansion and adding of extra floors and then we can import the material can we on the basis of Phase-I license get the shipment for another phase.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now