WE ARE IN A IRON AND STEEL MANUFACTURING BUSINESS. ONE OF THE PARTY HAS APPROACHED US AND INFORMED US THAT THEY ARE IN SEZ AND NO EXCISE OR VAT IS APPLICABLE ON THEM. MY QUERRY IS:

1. WHAT PROCEDURE WE SHOULD FOLLOW IN ORDER TO ENSURE THAT THERE IS NO VIOLATION FROM TAX ANGLE?
2. WHAT ARE THE DOCUMENTATION REQUIRED FOR SUPPLY OF MATERIAL TO SEZ?

please tell me the accounting entries to be passed for excise duty in case of manufacturing of iron & steel goods by a pvt ltd co.

My co manufactures Mens & Womens apparel in woven fabrics. The product range includes Mens & Womens shirts, trousers, blazers, shorts etc.
It also manufactures under their own unisex lifestyle flagship brand and also for other brands on job work basis.Excise duty is charged and paid on the same by our co.
The Co. also deals in trading of readymade garments and Fabric on which excise duty is directly paid by the manufacturer.
The Co. has completely outsourced its manufacturing activity to other job workers on a job work basis.
The Co. also does job work for export brand.
•brand is marketed through its chain of own exclusive brand outlets (EBO's) and organized retail chains across India
•The Co.is currently registered under Excise department for its Fabric and Garments godown.
•Since the current warehouse space is small and operation is going big, the Co. has taken one more warehouse.
•The new warehouse fall under different jurisdiction of Excise, the new excise no. is already been taken.
•The Co. wants to transfers all it’s finished goods and fabric from old Warehouse to new warehouse.
•Every month’s excise liability is been paid after adjusting CCA available.
•There is unutilized Credit in Cenvat Credit Account (CCA) of Company for present warehouse.
•The bills on which cenvat credit is taken are with the address of old warehouse.
•The Co. is going to continue with those old premises also, by converting it into office premises; hence the cenvat credit bill will come at same office address.
•The co. wants to surrender the old excise registration no. as there will be no. operations of finished goods or fabric been held in future at that premises. There will only be corporate office at that premises.
•The co has already issued much fabric from old warehouse for job working, whose processing time is near about 3-4 months.
•We want your opinion on the following matters
1.Whether the Co. can transfer its Finished Garments and fabric from old warehouse to new.
2.Whether on transfer, will the co. have to pay excise duty on finished goods or not.
3.If it has pay the excise on transfer then whether it can utilize its CCA credit
4.Whether the credit, which is in the name of old warehouse, will be available for new warehouse also, in future.
5.If not whether on registering under service tax distributor, can we distribute the cenvat credit of old warehouse (then office) to new warehouse?
6.Whether the co. should receive finished garments at the same old warehouse from where it has dispatched its fabric or it come at new warehouse.
7.Whether the co. can surrender its old excise registration no.
8.What other compliances will have to be done.

As per Excise tariff some unit of measurment is shown in KG. But if an item can be sale in terms of KG and in units as well. Can we sale the items in units or pcs those shown in KG in excise tariff. For reference HSN CODE 3921-3926

Hi I want to know that one of my client is putting independent feeding electricity line from main line till factory site at our own cost. My question is can they avail the cenvat on the goods used in putting the feeding line under capital goods?

regards

Hi,

If 2 pvt company mergered how to change excise, VAT, service Tax, PAN and TAN no.

Whether we should surrender the existing one, and apply for new no. ifso who we should C/F the excise and Service tax credit to new registration no.

Notifn 43/2001 CE dt.26.06.2001 prescribes the procedure for procuring inputs without payment of duty required for use in the export goods to be exported.
My question is as per Notifn no. 24/2010 CE (NT) dt.26.05.2010 this facility is available for export goods which is fully exempted from payment of excise duty as per Notifn No.17/2011 dt.01.03.2011.

Experts can you shed some light on this?

What is the procedure for removal of Excise able goods from factory to a depot of the same company which is not registered under central excise.

under what rule / sec/ circular/notificaation of central excise define the invoice made in monday but goods cleared on tuesday/wednesday.

what is the procedure if invoice is made by electronically and on invoice e- printed date and time of invoice made and removal of goods ?

How i can dealt with ?

what if, i can't remove the goods from factory on the same day, and if remove next day, what is the solution ?

We are dillin in roofing Sheets, we are having one K- Span machine for production on clients site and for that we send sheel coil as a raw material on site then we preparied roofing sheet.

after complition of project some coil is balance, that coil we get back after 10- 15 days of more, and mostly our clients are from diffrant states.

So my query is how should we prapered and raised Sales Invoice for fixed material i.e. roofing sheet and in which date we can raised Sales Invoice.

Reply awaited

Atul Antarkar