Hi

How the excise duty on stock in trade/finished goods are to be treated in the p&l account compare to excise duty paid on sale of goods (since companies reporting in two different places i.e below gross sales and under expenditure side in the Annual Report).

should be considered under stock adjustments or under expenditure side or should be included with excise duty paid on sale of goods.

Kindly clarify

Thanks & Regards
N Nagarajan

pl give suggition of service tax refund rule

If you have ER - 2 Form excel Version please send me.

Thanks.
Gireesh Hegde

if we dont have net banking facility then how can we pay our excise payment, pls advice me via uvbr@rediffmail.com

we are a newly manufacture co , can we pay excise duty in any bank or for this we need to have account for this in that particular bank. pls clarify and sent ur advice to uvbr@rediffmail.com.

Hi,

We have an IEC code for our Banglore office, now we shifted completely to pune. I need to update this address in our existing IEC code. can you please tell me the procedure for this???

In which condition sale tax should be @1% against form "C".Please explain.

For excise duty there are to provision for accounting. One for tax basis and other for accounts only.

For tax purposes what entry we should pass and what is the purpose for making such entry.

Thanks,
Abhishek
9953428119

My earlier company has been amalgamated with some other company and we have surrendered the Central Excise Registration to the department in the month of Sep-08 and on the 1St Oct’08 we got registered the company in the new name with new ECC number.

Further, there were some material in transit at the time of amalgamation process billed in the name of my earlier company form the suppliers.

My Query is –
1.If we receive the material in the month of Oct-08, can we take the Excise duty credit paid on the said material ?. If we can not take then what is the procedure to handle this issue, how do we satisfy to our suppliers ?.

2.As per the normal practice we take the duty credit on our own invoice (because our dealers and stockiest are not registered with Central Excise department, so they can not raise excise invoice for the sales return) accompanying with the Sales Return material.
3.Now, the company name has been changed with new ECC number, whatever SRN ( Sales return) we receive, it would be in the name of the earlier co (from which already billed). In this condition can we take the duty credit on SRN (Sales return ) or not ?.

Pls clarify

which books should be maintained for excise & to whom excise should be applicable