A firm pays excise duty on ayurvedic medicines based on Qty manufactured
is there is any monthly/quaterly/yearly Return to be filed with excise authorities

I am Working in a Manufacturing Company .According to the policy of the company ,we sell material to the customer and when the price is finalized we issue debit note and credit note to customers for price difference .
My question is ,Is there any time limit for issuance of debit note to the customer for excise Duty on Differential Price .(PLZ QUOTE SECTION/RULE)
And if the customer is paying only the Price diffrence(Not the Excise component on that) ,Then what are the legal remedies available to the company.

Can we avail Cenvat Credit on Excise/Service Tax Invoices dated prior to the date of Excise / Service Tax registration? Can this credit be set off against the duty paid after the registration?

Thanks & regards
Prasad

Can manufacturer sell the Rawmaterial as such as they had received by passing the same/equal cenvat what they had paid at the time of purchse to any dealer, and there after dealer can sell the goods to other manufacturer on delaers excise invoice passing the same cenvat amount..

If they can under what Rule is it 3(5) or 4(5)

Hello! Everybody

We're dealers of exciseable goods, & we're transferring modvat to our customers. And every year we're transferring less what we're getting. And also that we're receiving the material & supplying the same to F.O.R. basis to our customers in our own vehicles as per customer purchase order. Simply, trading activity.

Last year we're facing EA2000 audit from Excise Commissioner Office. In that, they can audit last 5 years, where Excise part was clear. And telling that this EA 2000 was applicable to dealers also from this year, where turnover is morethan 5 crores.
Here we didn't observe that our sale turnover or purchase turnover or excise turnover. Actually, our purchase & sale is morethan 5 crore.


Again this year one notice was came from same excise commissioner office audit wing.
For how many years they can audit? this EA2000. If once Audited, & clear earlier years, is it required again to show the same records. What is actual procedure of this audit. How can we face the same?
In the notice they are asking all documents
relating to banks, financial institutions,
costing, inward & outward registers, sale & purchase registers, returns of all govt. departments & etc.

Please help in this regard.

Thanks.

We are 100% EOU. Recently we got a letter from Central Excise Dept to pay MOT charges.when i was asked why we need to pay this,they said,we are not getting any benifit through ur exports.so,for inspection and sealing of materials,which is being export we can claim like that they are giving the reason.could any one explain about it clearly.actually MOT stands for what & under which head we have to pay that amount in GAR 7 Challan.

one of our clinet's job worker is charging excise duty on the job work charges. is it the right practice? The raw-material is provided by us.That job worked product is unsed in manufacturing the finshed goods which is excisable.
if yes, please provide me the concerend notification or section.
please also reply me at earliest on ingale_amit@yahoo.co.in

We are planning to expand our existing plant. My querry is CEnvat credit would be available to us for the followings:

1. Capital Goods Purchased
2. Civil construction material
3. Cenvat credit for service tax to be payable for Design Consultancy,Landscape consultancy and Project management consultancy.

Thanks in advance.

As per recent provisions of the Central Excise Act, wherein certain specified articles are to be taxed on the basis of the maximum retail price and not the wholesale price.
so, If goods are sold at different wholesale prices to different classes of buyer, can wholesale prices be more than its assessable value?

Please guide me how to prepare for Indirect Taxes. I am having exam in NOV-08 and very less time is left. I am having Bangar as well as Question Bank by Ajay Jain.Please help me how to prepare for the subject