Dear Sir,
pl.guide me in case of cenvat credit.

i am working as a accountant in foundry industries.my excise registration is in may 2008 but i have purchase some asset material (moulds & Patterns) in feb & march 08 .Then i availed cenvat in May 2008 when my registration is complete.

is it write ?


Regards,

Vinod.

Case started in mid 1980's (show cause)

Duty and penalty levied on the party 'X'

tribunal altered the duty calculation and penalty. Minimum deposit and bank gaurantee given against the amount.

Meanwhile prosecution case started after 8-9 months of show cause.

Thereafter, Hon' SC deleted the penalty completly on the ground that when tribunal has altered the excise duty amount so penalty should not be imposed.

Our query is... Can the prosecution case stand when the penalty has been rejected?
Cancellation of penalty shows that there was no intention of duty invasion and so the Rule 9(1) should not be applicable.
Does anyone know any example case wherein such judgements have passed.

Sir,

Pls guide me what is the maximum limit of deductions u/s 80 C at present.

Pls tell me the investments on which these deductions can be claimed.


Regards
Narendra Singh

Dear All,
Kindly tell me whehter our client who is registered as the first stage dealer are required to pass any accounting entry on the
amount of excise duty passed on by them ?

They are just recording the cenvat paid on the amount of the purchase in the purchase account and no entry nin the books for the passed on amount they just have the track of the amount passed on on papers and in the excise returns pls tell me whether the current status of accounts is proper or any accounting effect is needed to be given ??

sir, pls send me the date of result of june2009 its urgent

What works done by after ATC(ICAI)?

whether names of subscribers to memorandum to be entered in share application and allotment register or not. i have heard from some professionals that it is optional. i used to enter their names in register of members only. kindly clarify?

Dear Experts,
In the month of April-2009 we have made an invoice for a certain article Rs.100 insted of Rs. 75. Duty and Taxes are calculated on Rs. 100 and already paid to the department.
But now only we came to know our mistake. Then how we will recover excess duty which we already paid to the department.
Thanks and regards,
R.Dutta

wen pcc june 09 attempt results will be declared

ITR V OF AY 08-09 SHOULD BE SEND TO BANGLORE OR TO THE RESPECTIVE IT WARD??