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Excise notification 67/95

CS NAVEEN (cs) (27 Points)

18 May 2015

Dear All,

Please guide me regarding Exemption Notification No: 67/95

We are manufacturing of Die Casting Products :

My point:

01: Mold (Capital Goods) purchase on behalf of our Customer from outside for manufacturing of Customer Product.

02: CENVAT credit taken on that purchase of same Capital goods (Mold).

03: Final Product also charging Excise Duty . Final Product Produce by use of Same purchase Mold material(Capital Goods) after that return that same mold material to our customer.

04: Now We are going to Make Mold (Capital Goods) Invoice to Customer for reimbursement of Money paid by us at the time of purchase.

05: Customer Asking us to put the Exemption Notification No: 67/95

Is this correct ?

What is the Solution of this matter..

Awaiting your reply soon…

Regards,

CS Naveen

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5 Replies

Rakshit (practising) (338 Points)
Replied 18 May 2015

67/95 is applicable when goods are produced in housed and are also used in the manufacture of excisable good on which excise duty is payable. If you use purchased Moulds then you have to add ammortised value to the value of goods for the purpose of making payment of excise duty. It appears that you have not added ammortisedvalue into the value of excisable goods, then department will be raising demand on total ammortised value and penalty and interest will also be imposed. In invoce of finished goods first you have to add ammortised value for the purpose of excise duty but at the end you have to deduct the same from total value of the invoice while raising invoice to the customer.67/95 is definitely not applicable in your case.

R C Verma, Advocate

09810525780

08882812818.

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CS NAVEEN (cs) (27 Points)
Replied 19 May 2015

Originally posted by : Raksh*t
	67/95 is applicable when goods are produced in housed and are also used in the manufacture of excisable good on which excise duty is payable. If you use purchased Moulds then you have to add ammortised value to the value of goods for the purpose of making payment of excise duty. It appears that you have not added ammortisedvalue into the value of excisable goods, then department will be raising demand on total ammortised value and penalty and interest will also be imposed. In invoce of finished goods first you have to add ammortised value for the purpose of excise duty but at the end you have to deduct the same from total value of the invoice while raising invoice to the customer.67/95 is definitely not applicable in your case. R C Verma, Advocate 09810525780 08882812818.

Sir, Thanks for Information .

Now Party asking Invoice , How we will prepare invoice and we need Mold price from party because we already paid that mold price to Supplier on behalf of Party.

Party asking send me invoice without excise value.

Please Guide me How to prepare Invoice.

Regard,

Naveen

CS NAVEEN (cs) (27 Points)
Replied 23 May 2015

Sir, Thanks for Information . Now Party asking Invoice , How we will prepare invoice and we need Mold price from party because we already paid that mold price to Supplier on behalf of Party. Party asking send me invoice without excise value. Please Guide me How to prepare Invoice. Regard, Naveen Read more at: /forum/excise-notification-67-95-327745.asp