Gargi Ranade
31 August 2011 at 14:17
Dear all,
We are an EOU, We are importing goods from related parties. Hence matter has been refferd to Customs- Special Valuation Branch (SVB), as per practice, SVB ordered for Provisional Assesement of related party Imports with 5% extra duty deposit (EDD) as per Circular No. 11/2001-Customs dated 23.02.2001.
Kindly let us know, wheather legally EDD can be made by an EOU ?
EOU is carrying out import clearance without payment of whole of custom duty as per Notification No. 52/2003 -customs dated 31.03.2003.
Waiting for reply,
Thanking you in advance.
Anonymous
30 August 2011 at 16:28
sir,
as we understand an NRE (non residential external a/c) is absolutely tax free a/c (for proncipal and interest derived) for that financial year for which the person qualifies to be an NRI (as per the definition gazatted by Income Tax).
my question is - does his interest income (lets say he holds Resident FD, Resident Saving a/c etc) he derives also be taxable and if so at what rate. my associated point that i would want to ne answered through this great forum is - does the 180,000 Rs (in financial year) slab of Income Tax Dept not come in play for an NRI for his interest incomes.
kindly shed some light sirs...
thank you.
neeraj
30 August 2011 at 15:53
DERA SIR,
I HAVE PUCHASED FLAT FOUR MONTH BEFORE & PAID COMPLETE PAYMENT TO THE BUILDER & DONE THE REGISTRY OF FLAT WITH INTKAL.NOW BUILDER SEND ME LETTER FOR SERVICE TAX ,WHICH WAS NOT DISSCUSSED WITH ME.I HAVE TO PAY THIS TAX OR NOT.
Anonymous
30 August 2011 at 14:51
HOW I KNOW MY WARD, CIRCLE & RANGE WHEN I PREPEARED MY INCOME TAX RETURN.
JEGADEESAN
29 August 2011 at 19:42
Dear Sir,
I wish to clarify a doubt regarding EI Sale.
Mr. A regd dealer in Tamilnadu & purchased the goods from B of Mumbai. Further A transferred the same goods directly from Mumbai to B's Customer(C) who has office in Tamilnadu.
Is it eligible to get exemption U/s 6 (2) of CST Act?
Further is it possible the goods ordered from B to deliver the same to C's godown in Kerala?
Your immediate reply will amke me glad.
Mahesh Kakade
28 August 2011 at 08:19
I want to know for greenfield project can a company availed CENVAT benefit of Service Tax & Excise .
If a company putting a power plant for their Green field Project and any expenditure incurred on account of paying a service tax & Excise, can this service tax & Excise will be CENVATABLE for green field project.
1. If Yes, any notification
2. If No, any notification.
Mahesh Kakade
28 August 2011 at 08:18
I want to know for greenfield project can a company availed CENVAT benefit of Service Tax.
If a company putting a power plant for their Green field Project and any expenditure incurred on account of paying a service tax, can this service tax will be CENVATABLE for green field project.
1. If Yes, any notification
2. If No, any notification.
Anonymous
28 August 2011 at 02:56
i have a query on UPVAT. what should one do about damaged products? example: u purchase 1000 CFL lamps. now after a few days u discover the 20 CFLs are broken (considering CFLs don't have any replacement for breakage nor any Credit Note is provided for the same) what will u do? is there any column or head in UPVAT where one can declare such losses and damages?? or one should keep carrying the damaged product as saleable item in the account books for ever? In the income tax one can show this as loss but he can't due to VAT otherwise annual stock closed on 31st march will be different in Income Tax and UPVAT.
Anonymous
26 August 2011 at 12:57
sir
i want to know about vat return''
sir i have sold a item but unfortunetly i could not send the bill. i have filled my quarterly return (01.04.2011 to 30.06.2011) and also my buyer filled his quarterly return
and we have received the money at the order time. and he told me that you tear a bill in the month of july it's possible and what will have effect on my vat return plz tell me the right solution for this problem
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Conversion of eou to dta
(1) Whether the finished goods lying at the time of debonding eligible for clearing under bond for export? What are the relevent circular by the CBEC?
(2)Can be the balance CENVAT credit transferred to DTA unit?