ca final new indirct tax answer nov'2010

question . 2  .a.     department is not correct

q.2.b.    yes coconut oil pack in large pack is treated as edilble oil

q.2.c.   value of machine  1600000

      9 quaters

     9 for 50 %

     6 for 50%

q.2.d.  assable valuse is 5000*30= 150000

q.3.a.  yes its available

q.3.b.   no unit is not eligible

   850-100-75-125=550  more than 400 so not eligible

q.3.c. all the forms and sealed letter issued at the time of export

q.3.d.   yes its can be reduce to 25 %  if deposited tax , intrest and penalty within 30 days

q.4.b. 1. not chargable

q.4.b.2.  get refund

q.4.c. advance at the time of advance received and in the month of march when assess is unable to get the detail from all the branchs

q. 4. c 2.  5 years

q. 4 d. 150000*2/100*15/31=14516

q.6.b.  unjust enrichment

q.6.d.  as per sup. court export means when the goods cross indian teretorial water

q.6.e  transporting via icd or export

others i know they r quite lenghty to  write hope i m right

lets share now direct tax

if any one not agree plz tell

Yaar, very sorry to say. some answer is really incorrect. hope u don't mind much...

not at all which one of them are incorrect