Raja

Is there any compulsory need to maintain the ‘Annexure Challan’ and ‘Subsidairy Challan’ under Rule 4 (5)(a) of CENVAT Credit Rules 2004?

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CA Monika Jain
25 February 2013 at 12:59

Credit of excise on capital goods

if a machinery is purchased at the end of the year, can we take 50% credit of excise in that financial year and 50% in subsequent year?

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Anita Shanbhag

Dear All,
I have a query regarding a consignment sent from a manufacturer to an SEZ under an ARE-1 without payment of duty. Due to some technical difficulties, the customer in the SEZ was able to accept & get stamped and certified the ARE -1 with goods 2 months after the clearance from the manufacturers factory. Now the manufacturer is stating that there is a time limit of 45 days for receipt back of the certified ARE docs from the SEZ, and hence are insisting on the payment of excise duty with interest & penalty. Is this correct. Pls guide us.

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srinivas

Dear Sir

Request for clarification with respect of Cenvat credit eligible when purchase from EOU Unit -
Please clarify with an example :
Now since, there is no cess on CVD on imports and EOU is required to charge ED on its sales equivalent to imports, whether credit of Education Cess and SH Education cess is eligible to DTA Unit.
regards,

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Anonymous
30 January 2013 at 10:19

Dbk

Hi all.. i am a merchant exporter.. i want to know if a merchant exporter can claim the DBK in his range office or only a manufacturer can claim the DBK on behalf of the merchant exporter???

if a merchant export can claim the DBK i would like to know the process too

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alok
29 January 2013 at 17:42

Cenvat credit

We are a manufacturing company. Can we avail CENVAT Credit on goods received free of cost?

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anil lamboria
21 January 2013 at 18:20

Basic knowledge of excise

Plz Anyone can help me for basic knowledge of excise....??

what is RG23A A/c , RG23C A/c , PLA A/c ...??

The basic accounting Entry With RG23A A/c , RG23C A/c , PLA A/c And final entry in P&L A/C And Balance sheet ..........??

And Plz Also suggest how to do Audit of such documents ......!!!

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Dhananjay Jog

Dear Experts,

We are a Mfg Unit & service receiver, we are paying service tax on the payment of staff Bus hired by us for our Mfg unit under R/C mechanism after availing abatement of 60 %.

My query is, Can we eligible to take Cenvat Credit on the payment of 40 % service tax paid by us ?

Thanks

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Rafiq
30 December 2012 at 22:45

Can trader send raw material for jobwork

Dear Sir,
I have a Steel Rolling Mill were I manufacture Bars, I want to inquire wether a trader can send raw material for jobwork and does it attract any taxes.

Kindly note I'm not registered with central excise nor the trader.

Urgent reply is expected.
Thank you

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Anonymous
17 December 2012 at 11:30

Valuation as per rule 4

if m.r.p of panasonic tv is 40000 but can be bought at 30000 in exchange of old tv then which value to be considered for excise????

if such offer is made by manufacturer itself then wat??? do reply as soon as possible

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