Hello! Friends,

Please give more information on
CENVAT & MODVAT.

Whats' the main difference? in between them.

Please explain in detail.

Thanks

Ganesh

What is the present limit for getting exemption from registration under Central Excise?

Sir, can activity like calibration and testing amount to manufacture and come under excise duty?

A manufacturing company has imported the scrap materials on which Counterveiling Duty (CVD) is charged @16% in the month of Feb. Company has received the goods in the month of Feb and taken Excise Credit on receipt of goods. Later on govt. has changed the rate of levy of duty from 16 % to 14 % and company has removed the goods as such clear from factory in the month of may with the same excise rate. So whether act of the company is correct ? please explain in detail with relevant provision in the Excise Act.

kindly give the details regarding excise, its role , prcedure of its accounting , excise work.
thank you

A firm pays excise duty on ayurvedic medicines based on Qty manufactured
is there is any monthly/quaterly/yearly Return to be filed with excise authorities

I am Working in a Manufacturing Company .According to the policy of the company ,we sell material to the customer and when the price is finalized we issue debit note and credit note to customers for price difference .
My question is ,Is there any time limit for issuance of debit note to the customer for excise Duty on Differential Price .(PLZ QUOTE SECTION/RULE)
And if the customer is paying only the Price diffrence(Not the Excise component on that) ,Then what are the legal remedies available to the company.

Can we avail Cenvat Credit on Excise/Service Tax Invoices dated prior to the date of Excise / Service Tax registration? Can this credit be set off against the duty paid after the registration?

Thanks & regards
Prasad

Can manufacturer sell the Rawmaterial as such as they had received by passing the same/equal cenvat what they had paid at the time of purchse to any dealer, and there after dealer can sell the goods to other manufacturer on delaers excise invoice passing the same cenvat amount..

If they can under what Rule is it 3(5) or 4(5)

Hello! Everybody

We're dealers of exciseable goods, & we're transferring modvat to our customers. And every year we're transferring less what we're getting. And also that we're receiving the material & supplying the same to F.O.R. basis to our customers in our own vehicles as per customer purchase order. Simply, trading activity.

Last year we're facing EA2000 audit from Excise Commissioner Office. In that, they can audit last 5 years, where Excise part was clear. And telling that this EA 2000 was applicable to dealers also from this year, where turnover is morethan 5 crores.
Here we didn't observe that our sale turnover or purchase turnover or excise turnover. Actually, our purchase & sale is morethan 5 crore.


Again this year one notice was came from same excise commissioner office audit wing.
For how many years they can audit? this EA2000. If once Audited, & clear earlier years, is it required again to show the same records. What is actual procedure of this audit. How can we face the same?
In the notice they are asking all documents
relating to banks, financial institutions,
costing, inward & outward registers, sale & purchase registers, returns of all govt. departments & etc.

Please help in this regard.

Thanks.