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TMI BlogProcedure to Repacking of Excisable finished GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir What is the procedure to repacking of Finished goods once manufactured by the manufacturer due to a labeling problem?That finished goods already declared in last month ER 1 . Let me know the central excise procedure - Reply By Ramaswamy S - The Reply = Raise a captive consumption invoice (removal without payment of duty for other purpose). Repack / relabel and bring it to FG, refl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect the transaction in ER1. - Reply By KASTURI SETHI - The Reply = Dear Querist, What is product ? - Reply By Binu Karuthedath - The Reply = Dear Sir Product is Ayurvedic medicine 3004.90.11 - Reply By KASTURI SETHI - The Reply = Chapter/Heading 3004 is covered under Third Schedule to Central Excise Act, 1944 . Re-packing is a manufacturing process under Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2(f)(iii) of Central Excise Act,1944 . - Reply By Binu Karuthedath - The Reply = DEAR KASTURI SETHI Sir Thanks for your valuable reply This is the case that Manufacturer has been declared the Goods Manufactured for Export. We have found some mistakes in Label of the Products.So only the solution is repacking of the same goods with a new label.Can we revise the ER1 or let me know the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... excise effect for repacking - Reply By KASTURI SETHI - The Reply = As per Rule 12 (8)(a) of CE Rules, 2002 ER.1 return can be revised by the end of calendar month in which original return is filed. So there is time limit for submitting revised return. Re-packing is a manufacturing process(exscisable). The total cost of this process must be taken into account for arriving at transaction va ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lue of the final product for proper payment of CE duty. Procedure has already been advised by Sh.Ramaswamy Sir. I am talking about correct payment of duty on final product ( including the total cost repacking). Captive consumption is exempted because of payment of duty on final product. The value of repacking is to be taken into account for correct payment of duty. Have you crossed the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... time limit for filing revised ER-1 return ? - Reply By Ramaswamy S - The Reply = Ayurvedic medicaments falling under chapter 30 are valued under MRP based valuation. As such, no other cost to be included. The ED is payable on MRP less 35% abatement. Regards S.Ramaswamy - Reply By KASTURI SETHI - The Reply = Yes.I agree with Sh.S. Ramaswamy Sir. The value of repacking has to be ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ken case of while declaring MRP. - Reply By KASTURI SETHI - The Reply = Dear Querist,. Though the goods may be for export, yet correct CE duty has to be calculated on ARE-1 . - Reply By YAGAY AND SUN - The Reply = LM (PC) Rules, 2011 read with amended in 2015 Rules would also be applicable. - Reply By YAGAY AND SUN - The Reply = Anti-profiteering rule in GST draft Bill has potential to wr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eak havoc for businesses. - Procedure to Repacking of Excisable finished Goods - Query Started By: - Binu Karuthedath Dated:- 16-3-2017 Central Excise - Got 11 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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