Dear All
we are a leading manufacturer of pig iron, now we want to go for producing a cast iron articles & this cast iron articles is aslo used in our plant & machinery for the production. now sir plz suggest me for
which document prepare for the issue of pig iron for producing C.I.Casting. & also C.I. casting issue for used as a plant & machinery. & its a mandatory to issue EXCISABLE INVOICE for the issue of goods for captive consumption.
plz suggest me a good procedure for mentaining records asper excise rules
thanks in advance.
a waiting for your reply.
regards
sandip bhogayta
Dear sir,
I am working in Manufacuring Unit.and i want to know all about Imported Material Purchase To be returned to Foreign Contry Supplier under Central Excise Law.
Hello everyone
My query is regarding section11AC of central excise act.Under this section there is a provision for reduced amount of penalty in first and second proviso if the duty with interest and penalty is deposited within 30 days.This is when assessee does not go for appeal
But when assessee goes for appeal and loses in it then under third proviso he will be liable to pay the duty and interest and penalty on the amount determined under appeal whether increased or decreased.
Query:-Under fourth proviso the exact wordings are "provided also that in that case the benefit of reduced penalty shall be available if the amount of duty so increased and the interest payable thereon and consequential penalty paid within 30 days.
Does this mean that if the amount is determined under appeal and there is fraudcase the amount of penalty shall be reduced only in respect of the increemental amount of duty?i.e supose original duty determined was 50 lakhs and now if duty determined is 70 lakhs then reduction will be available for 20 lakhs only and in in other cases suppose duty determined is 30 lakhs then no reduction will be there.
please explain.
Dear All,
If buyer supplied the packing material i.e jute box for supply of material, whether cost of packing material to be amorotised and added in assessable value or not.
i.e excise duty is to be paid on packing material or not.
Please advise.
Thanks & Regards
CA. B.K.BANSAL
Sir but would u pls tell me is it possible to transfer the remittance in USD.What would i show in my account books regarding this.
Answer now
captive consumption