Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

Excise records to be maintained when finished goods sold to related persons.

Central Excise - Started By: - vinay wakde - Dated:- 13-4-2016 Last Replied Date:- 18-4-2016 - We are selling our finished goods to related persons as well as to non-related persons. The value of goods sold to related persons determined as per Rule 1 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

xcise record to avoid any litigation & to satisfy the Excise auditors during the audit of our unit. Regards, VINAY - Reply By Ganeshan Kalyani - The Reply = Sir the working of cost plus ten percent for removal of goods to related is required to g .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

urther the Audit Officers would examine the accuracy of certificate to be issued by the Cost Accountant.Certificate is more than sufficient but the Officers can go to any extent. They may check the basis of the certificate i.e those docs on the basis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

- The Reply = Dear Wakde, I am afraid you might be clearing the goods to your related parties/other units of your company under Rule 8 read with Rule 11 for which value of 110% based on CAS4 certificate is prescribed. Even under Rule 10 also if 110% .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

obtain CAS-4 certificate on quarterly basis to avoid any interest or after completion of financial year/finalization of accounts. Regards, VINAY - Reply By Ganeshan Kalyani - The Reply = Sir anyway you will have to appoint Cost Accountant, who will .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version