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what is the procdour to registration in excise tellme urgent
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why the act includes word central,asin income tax does not have any word,and why itis called an act of 1944?Is their any task on which refernce this to be called?
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Dear sir
Please Suggest the fallowing, ED benefit can be taken for structral steel item , as the client has denied to pay for the MS Structural steel directly as that is going to be the raw-material for the final Billing Item (galvanised steel support).
The below to options were explained
Procedure- 1
Step A . MS Strutural Steel will be bought out by us
Step B . fabrication at site
Step C. Galvanisation at outside with due gate pass and permissions
Step D. Galavnised Suport structure with due weighment will be received and based on which the invoicing will be done. In this case , the supporting document for invoicing will be MS STructural Excise Invoice from supplier.Hence, it has been requested to client to pass on the ED component of MS Steel to final item ie., galvanised Structure .
Procedure- 2
Step A . MS Strutural Steel will be bought out by Fabricating agency as per our drawing
Step B . fabrication at their works
Step C. Galvanisation at their works.
Step D. Galavnised Suport structure with due weighment will be received and based on which the invoicing will be done. And supplier will pass on the benefit to us.
The procedure 2 is not feasilble as we have already procured the basic raw material ( MS Steel ) , So please suggest us whether procedure 1 is feasible or not for implementation.
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Q.5) As per Rule 11 of CCR,2004 (inserted in FA,2007) Reversal of credit taken on inputs, which
are still lying in the stock, or in process or in final product lying in the stock, when final product
becomes exempt from duty subsequently.,, The amount remained in cenvat credit a/c. after reversing
the said amount shall lapse? IS this True.??
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Q.2) Applicability of CCR,2004 to various parts of India in relation to Input, Capital Goods,
& Input Service? Example?
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Q.1) How does a FSD & SSD pass on the Excise Duty Credit?
A FSD recieved a bill fo Rs 5000+700(ED) & when he sells, how much excise duty he
should pass to further buyer( Sale Price of FSD is Rs.6000) ?
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Q.7) Does the proper officer has discritionary power to reduce penalty under excise laws or
he has to mandatory reduce penalty to 25% , if duty is paid within 30 days?
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Q.5) Does taking wrongful credit of cenvat amounts to erroneous refund?
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Q.4) Saving from interest liability in one special case in case of voluntary payment facility?
what is that special case??
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Q.2) Is the Basic Exemption of 150 Lacs is available to only specified goods? or all Goods?
Whether SSI exemption is available in case of mfr of cigarettes?
excise registration