Hi all,
i want to know that what treatment should in Excise record of Debit/Credit Note.
eg. i have billed to party with excess amount and invoice contaning Excise duty and sale tax as well, later on i realized that it was excess billed, hence i raised a credit note to party as a result now my excise duty become lesser than earlier billed amount.
now i want to know can i take cenvat credit or reduce my excise expenses in excise records on basis of this credit note? if yes kindly let me know under which provision?
Please help ASAP.
Can somebody sent excel format of E.R.1(Monthly return)?.My email i.d. is sandeepu354@gmail.com.
Thanks
Sandeep
We export against advance authorization by paying nil duties on imports. Please clarify
1. if we clear the exported goods by paying excise duty , can we claim refund of excise duties from excise department
We export against DEPB produring inputs from local market against Anex 1 ( without payment of excise duty). Please clarify
1. if we clear the exported goods by paying excise duty , can we claim refund of excise duties from excise department
Excise duty would be paid by us from our Cenvat account
What is the rule for adjustment of cenvat for principal goods from PLA /rg.
Answer nowdear all
We are saling one product. the prodct P.O. is open m which has not mentioned any specific date of closing order. they have issued seprate order of design & devolopent charges.we are issuing sale invoice against devolpment & design charges with include service tax.
is it correct?
Because of I heard excise duty will be applicable on devolpent / design charges & devolpent charges are dividing per quatity product & add excise duty in issuing prodcut invice, which has issued with excise.
kindly give the suggestion on same issue
. if excise applicable on devoplent charges, it is double taxation.
We have sent up plant called Precast Plant containing mainly casting yard and gantry. We prepare walls and slabs from cement, sand etc. and use the same for preapring residential units for selling purpose in the same entity.
Whether excise duty applicable on the saem. If yes, under which classification/notification
Second query is if we do jobwork for some other entities and make precast material from there raw-materials. Are we liable to pay service tax OR excise duty.
Hi Experts,
Pls advise that which registers are statutorly required to be maintained by a manufacturing unit like DSA under Excise rules and whether these have to be maintained manually in prescribed format or they can be maintained in computer also? Pls specify the notification details if avialable.
If possible pls also tell how much sure you are of your replies in terms of %. After your replies pls keep the query OPEN for other experts to reply.
Kindly give ur advice on the following issue
ACo situated in Gujarat has branch all over India, Now it following the practice for good clearance as under
First of all it (H.O) make sale on the basis of Invoice to its branch at its list price and pay excise on the same( Say @ Rs.100 and pay excise @10% on the same)
When branch sell the same goods to the third party it make sale at its list price and company pays the excise duty on this differential sales amount being transactioan value as per the act ( Say branch make sales @ Rs.150/- so comapny will pay the excise on the differential sales price of Rs.50/- at 10%)
Now when there is return from the branch company is taking Excise credit of the amount actually paid (i.e excise paid on Rs.100/- )ONLY and not able to take credit on the differential excise duty paid as for the same company does not have DUTY PAYING DOCUMENT (As the at the time of branch return branch gives the original invoice issued by HO)
So issue is "what is the way out to take the credit of this DIFFERENTIAL EXCISE DUTY PAID on the differential sales value at which branch has made sales
Hello,
My exams is due in June 2009. Can anyone send me latest case laws in indirect tax of previous 1 year. Kindly send it on kjsingh2011@yahoo.co.in
Hey i wanted to ask that if i have procured imported good on which i have taken cenvat credit, so at the time of export if i ask for the duty drawback wouldn't that be double benefit.
pls elaborate the duty drawback procedure.
Treatment of Debit/Credit Note in Excise records