Excise Quarry

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Tarun

Engineer

36 Points Posted on 31 March 2008

Dear all
This time our company (proprietorship firm & SSI unit) made turnover of Rs.148 lakhs in this 30 Lakhs Items are With Material Sales & remaining is the Labor Job work (party send their material and we return back the same after machining).

I wants to take excise registration looking to 2008-09 year business confirmation from our customers. And we wants to apply for registration during Apr'08.

Now I have certain material which is remain with us and is going to dispatch in Apr.'08 after inspection of the material. This material I will sold to cusotmer with charging tax.

Now my question is if I got excise registration during May'08. then what about the material which I sold before excise registration, weather I have to collect Excise amount from those customers OR excise will applicable after the date of Registration Certificate.

Regards

Tarun T Patel

Replies (2)

S. Banerjee

Practising Cost Accountant. Core area- C

632 Points Posted on 01 April 2008

Mr. Tarun,

You have taken a good decesion i.e to get the C. Ex Reg, if you not take then The Union Govt is benefitted you are loosing some customers.

You are to follow the Act, Rules and Notifications form the day itself you got the registration, now it is effective form the next day of application. Accordingly, you are to despatch your manufacturing goods by issuing of C.Ex Invoice and also follow the other formalities. That depends on your next decesion like whether you will avail Cenvat or not etc.

Thanking you for further clarfication you can mail me at banerjee.sambhu @ rediffmail.com

S. Banerjee