What is Rule 52A (Excises Duty)



What is Rule 52A (Excises Duty)..

Answer / rawm laxhmi

RULE 52A. Goods to be delivered on an invoice

1. No excisable goods shall be delivered from a factory or
a warehouse except under an invoice signed by the owner of
the factory or his authorised agent:
Provided that when the excisable goods, other than those to
which the provisions of Chapter VIIA apply, are removed on
payment of duty such invoice shall be required to be
countersigned by the proper officer.
2.The invoice shall be made out in quadruplicate
3.The copies of the invoices shall be marked at the top in
bold capital letters in the following manner, namely: -
(i) the original copy shall be marked as ORIGINAL FOR
BUYER; (ii) the duplicate copy shall be marked as DUPUCATE
FOR TRANS- PORTER ; (iii) the triplicate copy shall be
marked as TRIPLICATE FOR ASSESSEE.
4.If all the packages comprising a consignment are
dispatched in one lot at anyone time, only one invoice
shall be made out in respect of the consignment
5.Invoice shall be maintained in two sets - (i) one for
clearance for home consumption; and (ii) the other for
clearances for export.
6.Each invoice shall bear a printed seria1 running for the
whole financial year beginning on the 1st April of each
year.
7.Each foil of the invoice book shall be authenticated by
the owner or working partner or Managing Director/Company
Secretary, as the case may be, before being brought into
use by the manufacturer

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Taxation Interview Questions

we are in process of setting up a manufacturing unit in karnataka. can we procure cement from andhrapradesh by issuing c form

2 Answers  


Timings / Months to file TDS return?

0 Answers  


what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.

0 Answers   Visa Steel,


I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?

0 Answers  


In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.

0 Answers  






709,001 690,388 940,645 46,435 16,651 8,316 755,436 707,039 948,961 3.17% 2.98% 2.53% 3.66% 1.31% 0.66% solve it

1 Answers  


What is the limitation of loan given from one private company to other proprietors company, if any restirction is there. Please explain and how it affect income tax point of view?

1 Answers   PNG Power,


Please tell me who is lible to pay service tax - give category & limit turnover

3 Answers  


I am getting a salary of 50000 Rs Net salary. After showing my rent bills and children school bills, still I am being deducted a TDS amount of 2000. Is there any chance of even avoiding this amount to be deducted by investing in any insurance. Please give me a suggestion.

2 Answers  


what is service tax-meaning,rates for 2008-09,heads,procedure of calculating,all form of service tax,ahen service tax filled.complete information about service tax?

3 Answers   Reliance,


what is the journal entry of outstanding wages ?

27 Answers   ABC, OBI,


spose i am in gurgaon & employed with automotive manufacturing co. i have to make some invoces for new delhi, chennai, jaipur & chandigarh & london for a component (rubber gasket) qty-2500 no @ of 120 per pc than what should be payable amount for each customer after adding taxes?

1 Answers  


Categories