can someone tell me what is the validity of Form CT 3. I mean if we obtain form ct 3 for domestic procurement for duty free goods as a 100% EOU is there any validity viz 45 days or 90 day for procuring the goods against specific CT 3

My company is engaged in generation of electricity which is exempt from excise duty. However we are paying duty @ 5% on the purchase of coal. I would like to know that whether we can claim refund of duty paid on inputs i.e. coal which is used for generation of exempted goods/services i.e. electricity??

Hi Experts,

My Client is into manufacturing Activity and has obtained Central Excise Registration. Now due to lack of space for storing and selling the finished goods he wants to acquire additional place (Only for Storing and Selling)in the same locality.

Kindly advice whether separate registration under Central Excise Act has to be obtained or not.

In Case if he has to obtain separate registration what are the formalaties.

sir we have mostly received finished goods from our Unit within state and interstate unit, i want to know finished goods which is received from other unit come in RG-1 Register because at the time of sale the mention finished goods come in RG -1

Dear Sir

Let suppose there are a Buyer-A, a Contractor-B and a Manufacturer-C

Contractor-B get the contractor from Buyer-A of Rs.1500(suppose)

Contractor-B place a purchase order of Rs. 900(suppose)to Manufacturer-C as consignee Buyer-A

I want to ask what type of taxes, Contractor-B will liable to pay on his profit and margin of Rs.600 in case of sale in transit.

A munufcturing unit receives back materials from customer. The unit takes the creadit of returned material u/r 16.

Now the party has to resell the materiall to another party but the prices have gone up since the materials were returned.

Under the premises can the unit charge duty according to the present transaction value and charge duty accordingly, if so whether differential amount of duty needs to be in PLA or centvat credit in full can be availed.

In the Previous Year the clearance from the SSI Unit was below Rs.400 Lakhs. In the Current Year Excise Duty has been paid from the 1st day of March i.e. without availing the exemption up to clearance value of Rs.150 Lakhs.

Questions :-
1. Whether the unit is still classifiable as SSI Unit under excise laws?
2. Is the unit eligible to pay duty and file returns quarterly as applicable to SSI Units?

Please clarify the above citing relevant notifications, rules and provisions under Central Excise.

One of my client wants to purchase the land, building, plant & machinery from private limited company in Poanta Sahib in Himachal Pradesh who is availing the excise exemption on the manufacturing of goods under notification no 49-50/2003 dt 10.06.2003.

The query is whether excise exemption is available to my client or not if my client purchase the land building and plant & machinery and starts production.

Sir,

RBI's base price index changed from 1993-94 to 2004-05 in RBI monthly bulletin. we have contract awarded from May'2010 in which price variation is there based on RBI Index with base as 93-94. But now current month index is not available for 93-94 base. RBI is now publishing only with base as 2004-05. How to convert May -10 to till date index which is basing on 93-94 to 2004-05 base.

which of the finance act 2011 or 2010 is applicable for coming November 2011 attempt?
plz advise me




thanx in advance