Dear Sir,

Please explain the concept of excise bond for Import of Raw material which is finally going to be part of exportable finished goods.

Whether we need to release it before making export ?

We are manufacturers of industrial UPS & DC power system.
There are many customers who intend to buy our product utilizing their EPCG License.
There is a difference of opinion on how to execute the transaction. We have been suggested differently by customer & excise.
I seek your valuable advice on what is the correct way as per laid procedures.
Method:1> Suggested by Customer
Customer will provide invalidation letter of EPCG to us and we will bill only @ 5.15% duty (concessional duty) instead of 16.48% (Full excise duty)
Method:2> Suggested by Excise Department
Customer will provide invalidation letter of EPCG to us and we will bill @ 16.48% duty (Full excise duty), later customer will apply to DGFT for claiming Excise duty refund (duty drawback)
Please also conform what is the present rate of duty against invalidation letter of EPCG.
Looking curiously for your reply.

If a figure of Excise duty paid thru PLA in a particular financial year then should it be tallied with the amount shown in P&L of the same financial year and any balance if there is in PLA should be shown in Balance Sheet's Assets side. The assessee is not able to avail and utilise any CENVAT credit.

Dear Sirs,

Is there anyone please advised me that CENVAT credit is available or not, on Cement & Steel used for construction of Factory Shed, RCC Work & Structures for a new factory, where construction activities are not completed till now and where expenses are till treated as pre-operative expenditure and under heading Work-in-Progress.

Please advise suitably on my e-mail id bivas_kumar@yahoo.com or Mobile 092346-22243

Regards,
Bivas Nag
B.Com, PGDFM, E-MBA (Finance)
Accounts Officer,
INOX Air Products Limited

We are manufacturer of Pharmaceuticals Product. We are doing Stock transfer to Consignment Agent. We are paying commission on sale and service tax through credit note to Consignment Agent and then Consignment agent paid service tax through GAR-7 (TR6). In this case we avail the service tax credit. If this practise is not correct. please brief us for correct practise.

we r in construction business. we r not liable to pay excise duty. can the excise invoice be transferred or made in the name of the client by the our supplier or by us so that client can enjoy benefit of cenvat.

Service tax paid on courier services in manufacturing sector is allowed as cenvat credit or not. if yes could you give me any case law or sections code relating to the same

Can the benefit of exapalnation to rule 6 in excise law in respect of deemed consideration be availed by the assessee under sales tax law?

Hello sir i have two question relating with excise plese help me on this.Please send me the various journal entries of excise accounting treatment in the books of manufacturing industries and also valuation rules of excise with the help of relevant examples and cases.


my email id is: amitkumarchadha@gmail.com

Sir,

Which on value excise duty to be paid for Physician sample ?

Thanks