Firm availing exemption under noification No;8/2003
can carried forward Cenvat credit available on input services to particular year to next year

Dear All,
I am working with Service providing PSU. I want to know can Co. avail the credit of Excise duty & Custom Duty

Dear Sir,

I have the following query regarding CENVAT on capital goods. If someone can clarify, that will help.

Suppose i receive Capital Goods, each worth Rs.10000 and having Excise duty of 1000. I receive two such machines. So the total value is Rs.20000 and total excise duty is 2000 (in a single invoice). Now, i avail 50% Cenvat credit on these machines. SO i avail 1000 as cenvat credit and 1000 is available for claim during the next year.

Now, before using these machines, i realize that the machines are defective. SO i want to return this back to the vendor (both the machines).

Since i am removing the capital goods "AS SUCH", i reverse the credit i availed for rs.1000. Now, i have to prepare an excise invoice for moving this back to the vendor. In this excise invoice, i would be showing Rs.2000 as Excise Duty (for both the machines). Now, the issue is this:

The debit in my CENVAT register for such removal would reflect as Rs.1000 (being equal to the credit that i had availed). However, my excise invoice will show that as Rs.2000. Is this alright? Will excise authorities object to this?

If this is not correct, what is the excise duty that i should show on my excise invoice? What is the amount of debit that will appear in my Cenvat register?

If anyone of you could clarify, i would really appreciate it.

Thanks / Vijay

Sir,

We are starting a New Company. Mainly that company products is Extra Neutral, Rectified Spirit and Industrial Alcohol. In this way Excise and Sales Tax registration is need / not. Incase if need How much percent Excise and how much percent Sales Tax/ VAT?

And from which date we file returns.

Please give reply as early as possible.

Regards,
Madan.

Hi!

In Central Excise view,
Define Trader, Dealer, Manufacturer & Supplier?

Thanks

Hello! Friends,

Please give more information on
CENVAT & MODVAT.

Whats' the main difference? in between them.

Please explain in detail.

Thanks

Ganesh

What is the present limit for getting exemption from registration under Central Excise?

Sir, can activity like calibration and testing amount to manufacture and come under excise duty?

A manufacturing company has imported the scrap materials on which Counterveiling Duty (CVD) is charged @16% in the month of Feb. Company has received the goods in the month of Feb and taken Excise Credit on receipt of goods. Later on govt. has changed the rate of levy of duty from 16 % to 14 % and company has removed the goods as such clear from factory in the month of may with the same excise rate. So whether act of the company is correct ? please explain in detail with relevant provision in the Excise Act.

kindly give the details regarding excise, its role , prcedure of its accounting , excise work.
thank you