Ours is an Excise Unit. Let me know the legal procedure for disposal of Central Excise and other Records older than 8 years.
Dear All
Can anyone suggest/provide me the draft for
“Undertaking by the company for non-involvement, non prosecution of any of its senior Members in customs duty evasion cases”.
Thanx in advance.. please provide..
Manish
Dear Sir
As per below links appears that as per supreme court no Excise duty applicable on Ayurvedic Medicines
1) parliamentoindia.nic.in
2) timesofindia.indiatimes.com/articles/ msid-1447233
3)www.business-standard.com/india/news/no-dutyayurvedic-medicine
Please reply me so that we can follow as per rules.
thanking you
Interpretation of section-20 of the Rajasthan motor vehicles taxation act,1951.?
Whether a state can levy taxes for using certain bridges, roads, etc..?
In my view it is the sovereign function of the state to provide for better facilities etc. etc..
However the accepted view is that in order to maintain such bridges, roads etc. expenditure is incurred and to maintain the same levy of toll-tax is correct.
please clarify before 20-01-2010; 09:30am
I raised the following query:
Ours is a service industry and registered under Service tax. As a part of providing service we use packing material. To save the packing material cost, we bought one corrugation manufacturing machine and making cartons ourselves by purchasing craft paper. While billing to our customers we do not charge anything separately for packing. Our service charges are inclusive of packing material cost. Hence we did not approach Central Excise department for any registration.
Now there is an objection from Central Excise department stating that it comes under manufacturing and we are supposed to comply with central excise formalities.
Please advice on the above.
Regards
N V Sudhakar
For the above query I got the following expert opinion from Mr S Karunamoorthy:
Yes, it amounts to manufacturing.. cos ur converting an input material into another output having seperate merchandise. u have to register with central excise authority and has to pay off the duty thereon but the same could be collected from the customers as cost of goods.
With due respects I would like to know the following:
1. Duty to be paid on what value when we do not raise our invoice towards packing cost.
2. The total value of packing material we consume for providing our services is approx Rs. 30 lakhs per annum. Can this turnover be covered under exemption limits.
Regards
N V Sudhakar
A multiplex is housing various restaurants on the revenue sharing agreement. Which means a fixed percentage of revenue is given to the multiplex owner. There is no rent payable by the tenant. Department claims that the revenue sharing is nothing but rent and other amenities/infrastructure like eletricity, water etc. provided by the owner and demands service tax on the entire income earned by the multiplex onwer by way of revenue sharing agreement. Is that correct.
Inter unit transfer
Let me know the detailed procedure of Inter Unit Transfer (Excise point of view). I want to transfer the material manufactured in our unit to our subsidiary unit. Let me be aware of the formalities for the same like billing etc.