what is the date of applicability of cenvat credit (tenth amendment) rules 2007.
I have a formulation unit, and planning to get my products jobwork done and packed in my 'branded label' with MRP printed on it.
Pls. let me know what is the Excise Duty the jobworker charges in this case?
some body say '(MRP - 30%) x 16.48%' and others say it is '(MRP - 40%) x 16.48%'.
Kly. Guide me to right direction.
K.S.Senthilkumar
Hello experts,
I need professional help in regard to the following issue:
My client runs a hospital and imports machinery for use in the hospi.. Is there any rebate he can avail?? Kindly put down the sections if rebate can be availed...
we are manufacturing of various types of cranes
1-we are onlu corporate office
2-we are purchase various types of cmponents in the open market and assembles in the purchasers premises and sold to them and fit in their premises
3- we are not any manufacturing unit
4-we are not ssi unit because we are handle all activities in our office only
5-whether exemption limit of rs.150 lakhs is available to us or not
we are registerd as a srvice provider in service tax and paid service tax time to time whether we are tranferred from service tax to exice or not
6-pl clerify whether we are transferred from st to exice as a manufacteres
Dear Sir,
Please explain the concept of excise bond for Import of Raw material which is finally going to be part of exportable finished goods.
Whether we need to release it before making export ?
We are manufacturers of industrial UPS & DC power system.
There are many customers who intend to buy our product utilizing their EPCG License.
There is a difference of opinion on how to execute the transaction. We have been suggested differently by customer & excise.
I seek your valuable advice on what is the correct way as per laid procedures.
Method:1> Suggested by Customer
Customer will provide invalidation letter of EPCG to us and we will bill only @ 5.15% duty (concessional duty) instead of 16.48% (Full excise duty)
Method:2> Suggested by Excise Department
Customer will provide invalidation letter of EPCG to us and we will bill @ 16.48% duty (Full excise duty), later customer will apply to DGFT for claiming Excise duty refund (duty drawback)
Please also conform what is the present rate of duty against invalidation letter of EPCG.
Looking curiously for your reply.
If a figure of Excise duty paid thru PLA in a particular financial year then should it be tallied with the amount shown in P&L of the same financial year and any balance if there is in PLA should be shown in Balance Sheet's Assets side. The assessee is not able to avail and utilise any CENVAT credit.
Dear Sirs,
Is there anyone please advised me that CENVAT credit is available or not, on Cement & Steel used for construction of Factory Shed, RCC Work & Structures for a new factory, where construction activities are not completed till now and where expenses are till treated as pre-operative expenditure and under heading Work-in-Progress.
Please advise suitably on my e-mail id bivas_kumar@yahoo.com or Mobile 092346-22243
Regards,
Bivas Nag
B.Com, PGDFM, E-MBA (Finance)
Accounts Officer,
INOX Air Products Limited
We are manufacturer of Pharmaceuticals Product. We are doing Stock transfer to Consignment Agent. We are paying commission on sale and service tax through credit note to Consignment Agent and then Consignment agent paid service tax through GAR-7 (TR6). In this case we avail the service tax credit. If this practise is not correct. please brief us for correct practise.
Excisable or not????