Dear Sir,
We have a case relating to EOU. Let me explain my doubt with an example. Our EOU have imported goods say @ Rs.41 per $, now our EOU wishes to sell the two-fifth of the quantity of materials to another EOU. Assuming that if the price of dollar has gone up to say Rs.47 per $.
1) Whether the transaction between these two EOU can be carried out in dollar terms?
2) Whether the goods can be virtually re-exported (Purchase return) to the Original supplier in abroad only by means of paper and the original supplier may in return issue a invoice in favour of the EOU who wishes to purchase the material and the goods will be originally removed from our EOU?
3) How the transaction between these two EOU can be carried out?
Plz clarify my doubt quickly. U can also reply to me on sr.sridhar85@gmail.com!
Is there any excise duty leviable on sale of imported scrap in the india
Wheather we can claim CENVAT Credit on counter-vailing duty paid on imported goods.
I have started consuction of factory building, can i take the credit of excise duty paid purchase of steel and cement.
AS WE HAVE REQUIRED TO DEPOSIT EXCISE WITH GOVT WITHIN 5TH OF EVERY MONTH . WHAT IS THE RATE OF INTEREST & PENALTY IF NONFILLING OF DUTY WITHIN STIPULATED DATE ?
WHETHER SSI EXEMPTION LIMIT RS. 1.50 CRORES INCLUDES SALES RETURNS/REJECTIONS. EXCIE PEOPLE VISITED TO MY CLIENT INDUSTRY IS NOT AGREEABLE FOR INCLUSION OF RETURNS. THEY SAY THAT ACTUAL CLEARANCE TO BE CALCULATED. WHAT IS THE CORRECT STATUS. PL. ANYBODY CLARIFY ME.
THANK YOU
I request all the member to sent their opinion on this issue
i am registered with the central excise department. i purhase raw material on excisable invoices and non excisable invoices.
i make dies for inernal use out of the material (iron) purchase on non-excisable bills i.e. without availing modvat.
during the process of manufacturing of dies scrap is generated.
Please clear whether i will have to pay duty on sale of this scrap or not.
Thanks Friends,
Anish jain
When excise duty will be claimed at the time of goods are sent directly from supplier to job worker(out to out basis)
When excise duty will be claimed where goods are sent on out to out basis.
Claim by a refinery that the process undertaken by it does not amount to manufature on the ground that there is no chapter note or section note which specifies that the refining of edible vegitable oil amount to manufacture.
Export Oriented Unit