Dear Experts,
Dear Experts,

From 1st March Excise has increased from 12.5% to 15% for Poly bags ????

Pl. confirm it.

Moreover, pl. provide the increased excise items list .

Regards,
Devi

Can anybody tell me the link of notification of increase of excise duty rate on aerated water which is increased in today's budget. I am not able to find it.
If anybody finds it please copy paste the link here.

in last month, cenvat (input excise) on purchase is higher than excise sale. and service tax on sale is higher than service tax on purchase. now I was trying to adjust service tax payable with excise duty refundable. but in computation in tally erp. 9, after doing adjustment, it was showing same computation before adjustment. plz guide me with correction that how to do adjustment entry in tally erp. 9. I sm waiting for your reply...

Dear Experts,

As per above subject. and definition of 1st Stage dealer and 2nd stage dealer in Excise are as per below :

1st Stage Dealer : Dealers who purchase the goods directly from the manufacturers, his depots or Agents are called the 1st Stage dealer.

2nd Stage Dealer : Dealers who purchase the goods from the above 1st Stage Dealers.

There is no provision or definition given for 3rd Stage Dealer in Excise.

Now My Query is Whether any dealer purchase goods from the 2nd Stage dealer and same credit is passing to end user customer who is also register in excise and availing the cenvat credit facility. In this case can the final user is eligible go get Cenvat credit as he is availing the credit from the 3rd Stage dealer.

As per example :
A = Manufacturer, B = 1st Stage Dealer, C = 2nd Stage Dealer, D= 3rd Stage Dealer & E= End user (Excise Registered)

As per above B is purchasing the goods from A with Excise duty and selling to C,
C is selling the same to D with Excise duty. and D is selling the same to E (End User) with Excise Duty.

Now, Whether E is eligible to get Cenvat Credit ???? As he is purchasing the goods from 3rd Stage Dealer.

Please explain.

Thanks

our company Publish a book (we are not provide to print and print material printing press) so excise duty is applicable ?

Hello,

A company manufactures goods in SEZ area and sold it to domestic market, in this situation what would be the of duties/taxes (Excise/Custom/VAT) applicability on the purchase of raw material and sale of the finish goods.

Thanks in advance!!

Regards
Sumit Jain

Dear Expert

Pls let me know if any notification is their which allows us to utilize the edu.cess & SH Edu.cess from Cenvat

Dear Sir,
I have an issue of Rebate Claim Purpose that, We have exported our goods under rebate claim procedure on ARE-1. And also we have generated an Invoice showing Ass.Value & Excise Duty.

But, on filing of Application the AC/DC is asking to us that "why we had shown the duty amount on invoice, if the Duty is taken from party then we are not eligible to claim the same.
However we have already submitted the disclaimer certificate from our Party.

Please provide guidance in this issue so that we could claim the rebate.

Thanks
Virendra Hardiya

we are exciseable mfg. unit we purchase m/c capital goods in invoice excise duty charges by party. we are 50% cenvat credit first year and 50% next Financial year.

my query 50% claim cenvat credit we can not charges depreciation and next year 50% duty claim not depreciation in income tax. audit authority said you have full depreciation not claim in excise amount in first year. you have to pay excise duty

for example :-
Purchase Capital Ass. Value FY 1415 Rs. 100000
Excise Duty 12.5% 12500
Total amount 112500

we claim 50% cenvat duty FY 1415 Rs. 6250
and remaining Cenvat Duty FY 1516 Rs. 6250

we Claim depreciation only on Rs. 106250 first year FY 1415 not 50% cenvat credit during FY Cenvat 6250.00 and show in BL. Next year we claim Depreciation FY 1516 only on Rs. 100000/- after remaining 50% cenvat less Rs. 6250.00 which is show in BL.

audit party said you have 50% credit in FY 1415 Rs. 6250/- it is ok but you have not claim depreciation on Rs. 106250.00 you have claim only. FY. 1415 Rs. 100000.00. and he is deny the total credit avail which is FY 1415 Rs. 6250/- & FY 1516 Rs. 6250/- Both Year .

which rule he is deny the credit or any circular pl. provide

devang shah

Dear Sir's/Expert.

We have Purchased the Gear Oil, from the Local (regd. under Excise& VAT) Dealer,

He Charged ED As well as VAT. on the Gearl oil.

As per the ED definition: Sec. 2(k) of the Inputs of Cenvat,: its not specifically included. so i have availed the ED & now the VAT part, as its used in the manufacturing, i am availing as a inputs under TNVAT ACT. Kindly Reply.

Whether i am eligible to avail under Both ED as well as VAT.