If an excisable unit (x) carries out job work for exempted unit (y)on the material supplied by y to x. Whether x would be liable to charge excise duty or service tax on job work. If excise duty is chargable, whether the transaction value would be material cost supplied by y plus the job work carried out by x. If service tax is applicable what would be transaction value.

In case of change in company name of a Private limited company, what compliances needs to be done as far as Excise Act is concerned ?

Sir,

Thanks for reply

As per this now our Basic Excise Duty is 10% on all items insted of 14%

is this assumption is right or not

Yours faithfully

G Ramesh babu

If i want to see Excise / Custom Tariff code, what is the site i should refer to get clear picture of tariff code & its description

Sir,

In the Notification No 58/08 the items mentioned in notification no 2/08 10% is applicable
thus its meaning generla ED is 10%

it is corect or not

Yours faithfully

G Ramesh babu

Hello Everyone

I have a query that what is the difference between ct-1 & ct-3 for removal of goods.
And what are there notifications.

Sir,

recently Govt. of India reduced the Excise Duty rates.

pl give me the list on what items it was reduced.

yours faithfully

G Ramesh babu

query to be asked-regarding Cenvat credit rule 6(3)

in case of a person providing exempted as well as taxable services he has three option to take the credit on input services
1. maintain the seprate account and take the cenvat credit on input services utilized for providing taxable output services.
or
2.Pay 8% amount of exempted services and avail whole cenvat credit on input.
or
3.pay proportionaste amount

now the question is to calculate the 8% or proportionate amount, the value of exempted services we will have to take the value of previous year.

the second question is in the current year there is no exempted services provided still in such case we will have to pay the 8% or propotioanate amount based on the previious year value to take the cenvat credit.


another query
to take the cenvat credit on input there must be proper invoice but in case of rent if there is an agreement between the party still is it necessary to issue the invoive to the party

What is CT 1 Bond & how it is used ?
I got an order from Foreign customer. I had given the manufacturing of material to our different vendors. Now vendors are asking to complete the formalities. Pl. tell how to act. The incoterm in Customer PO is FOB INDIA

Shashank

I have paid the education cess payable for the month of December 2008 by debiting it through the cenvat credit basic excise duty? Can we utilise the credit of Basic Exicse Duty for the payment of Education Cess as the cenvat credit of Education Cess was not sufficient for the payment of education Cess? Please inform me as early as possible.