top ten excise rules????

Answer Posted / r.dutta

1. Take CENVAT immediately
2. Take 50% of CENVAT credit for 1st financial year
3. Take next 50% of CENVAT credit next financial year
4. The last date of filling ER-1 is 10th of the every
following month
5. For making CASH payment 5th is the last day for every
following month
6. Pay interest @ 18% if any mistake is there
7. Do't pay any interest if you not used CENVAT credit even
you have made mistake.
8. In case of job work material should be received back
within 180days, not six months
9. Before taking CENVAT verity the ECC NO of the supplier
10. For taking CENVAT credit DUPLICATE FOR TRANSPORTER is
the 1st preference. If such copies are not available then
can take credit against original copies.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.

1485


due date for issue of C form, if c form is not issue what will be the consequences

3335


How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?

1548


F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

1573


Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V

1408






What qualification require for become a tax consultant ? what the future in this..???

2285


Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.

1601


What is export under ribet notification number

1814


WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com

1902


interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.

3951


i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.

1674


What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19

1215


what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this

1534


if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1146


If any new form open than we are able to deduct TDS on first year

1802