Gaurav Jain
18 February 2012 at 12:07
Respected Sir (/s),
An Indian Shipping Agent collects Surplus (excess) amount on the freight invoice from the Importer or exporter as they are not aware of the exact amount (dollar rate fluctuation)on behalf of the Foreign Shipping Company by a Shipping Agency Agreement.
Suppose the Importer exporter do not apply for refunds or adjustments against future transactions, till how much time the Indian Shipping Agent should keep the excess amount with itself. Whether it can forward the same to the foreign shipping company since the excess amount have accrued on the invoice though the foreign shipping company have not provided any service for the same.
Anonymous
23 January 2012 at 11:03
Can any one forward Circular/ Notification / Guidelines issued by CBEC / any other, mentioning that High Value Goods or Heavy Goods falling under Chapter ID 84158210 (air conditioner).
Is Samples necessary to be drawn or not at the time of export of goods ?
Just imagine a car mfg export car to Sri Lanka or any where how come its possible to give sample of car at the time of every export.
You might be knowing
Three sets of samples are drawn at the time of examination or sealing of export goods. Two sets of samples, duly sealed, are handed over by the Central Excise Officer examining the consignment to the exporter or his authorised agent for delivery to the Custom Officer at the point of export. The Central Excise Officer for his record retains the third set of sample.
Hope that you shall forward your fruitful guidelines in this matter
honnurvali
27 December 2011 at 13:00
As per New Point of Taxation Rules whether cenvat credit can be taken on opening creditors on payment basis? And if the payment is made after 3 months from 31-3-11 whether we have to pay interest on credit availed for a period exceeding 3 months?
Anonymous
01 December 2011 at 10:56
My friend is a doctor, sonologist, having his own diagnostic centre, laboratory, polyclinic. He pays visit to other diagnostic centres too for doing sonography. His income is generated from his own diagnostic centre, from visit to other's diagnostic centre , from lab., and from running polyclinic. Service Tax will be levied on which part of his income, if Service Tax is applicable on doctors?????
Rachit
29 November 2011 at 13:59
Hi,
I am working with a retail industry into grocery retail. I want to know whether the company can take input VAT credit on purchases of dump, shrinkage, transit loss in Andhra Pradesh. Please support your answer with relevant sections or case laws.
Thanks & Regards
Rachit Agrawal
Anonymous
25 November 2011 at 13:21
One of my client is a private limited company registered under service tax on freight charges payable.
However, the GTA has collected service tax on the freight charges paid by the company.
Whether the company is liabile to pay service tax on those bills if it is liable, whether the service tax collected by the GTA can be claimed as input credit. Then the liablitiy will be Nil.
Kindly clarify.
Yours truly
P. Srinivasa
raj
18 November 2011 at 20:58
1.what are the documents require for 80g registration?
2.Where one can apply for FCRA?
3.for 80g registration what will be the balance sheet if trust is two months old?
G.JAYAPRAKASH
04 November 2011 at 15:10
AN ASSESSEE CAN AVAIL THE SMALL SCALE EXEMPTION UPTO 1.5 CRORE VALUE OF GOODS PRODUCED OR MFD IN A FINANCIAL YEAR AND IT HAS TO BE AVAILED FROM THE BEGINING OF THE FINANCIAL YEAR.tHE SAME IS APPLICABLE FOR A MANUFACTURER FROM ONE OR MORE FACTORIES OR BY DIFFERENT MANUFACTIRERS FROM ONE FACTORY.tHE SAME CANNOT BE AVAILED OR DIS CONTINUED MID WAY IN A FINANCIAL YEAR . THIS IS AS PER MY UNDERSTANDING OF THE PROVISIONS.
G.JAYAPRAKASH
SUPERINTENDENT, CE
Anonymous
03 November 2011 at 21:51
My client has an SSI unit who were were under Central Exise for whom 1.5 cr is exempted every year (not crossed 4 cr in any previous year)
During FY 10-11 they had opted for Central excise payment from 1st of April itself and paid duties till july. During Aug this unit shifted their premises to new location which comes in different range and commissionerate in same city. Before shifting they have surrendered the license.
After shifting to new unit they have not gone for execise regn immdlty and not charged duties in their bills from Aug to Nov. They have taken new license when total company turnover neared 1.5 cr (including 50 laksh done in previous premises)
My queries are:
- is there any issue because they have not taken new license in new premises immdlty and not started paying duty immdlty.
- Are they now liable for duty payment during the period they have not registered or not charged to customers.(Aug to nOv revenue in new premises)
- if they are liable to pay - can they charge this to customers to customer through debit note and can customers take cenvat credit based on this debit note. (they were not having registration during the period of this billing in new premises)
- Is there any provision for a company if they wish to surrender the license in middle of the year and re-start again?
- is there any case laws on this
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