Excise Audit Matter - Urgent

Dear Friends.

  1. Capital Goods Removal as such after being used of 10 Years (i.e. 40 Quarters) how much duty applicable.
  2. We clear our Final Product (Polyester Texturised Yarn - 5402 33 00 ) under Exemption Notification No. 30/2004 and also generate Waste (CSH No. 5505 10 90) of Polyester Texturised Yarn  is there duty payable on Waste Cleared.
  3. When we are opting Dual notification which is 29/2004 & 30/2004 on that time we have reversed duty of  the Balance Raw Material & Capital Goods (3600000) which we purchased from the starting of the factory. After 15 days we have Re-credit (3600000) the duty which we reversed on the time of opting dual notification. Is there any permission required from the department.
  4. Also, we are not maintaining seperat records as per guideline by Notification. In that case any problem generate by Excise Audit.
Replies (1)

 

Point No. 1 I will chk

Point No. 2 if finished product attract the duty it may be scrap of that item also attract. for more detail check for teriff rate cercular. in case u r unit is exempted from duty then there is no issue of duty.

Point no.3. A fairly intimation is required if not given not a big issue duty is already return by u with particular ref.

Point no. 4 alwalysly records r required by department

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details