Answer Posted / madhu
Current assets are the assets which canbe easily converted
into cash. e.g. cash in hand, bank draft, cash in bank,
inventory etc
Fixed assets are the assets of the company which are held
for a long time. These assets are liquidated only when the
company is fhut down or during divestitures e.g Buildings,
Machinery etc
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Regarding export, We have Excisable goods for Export, issuing Form ARE1 (Annexure-1), If we'll pay Excise Duty with adjustment from our accumulated of cenvat and "Claim for rebate of Duty paid on goods exported."/ CE Rule 18 Which type shipping bill should be file for "Claim for rebate of Duty paid on goods exported. .......Plz advise now can we also get DBK all industry rate? Motive: To reduce the accumulation of heavy cenvat To claim the refund of duty drawback, duty paid on raw material components, parts, packing material & others applicable inputs under Section 4A of valuation act. FYIP, We are registered with deptt. of excise and availing the cenvat on all inputs. Availing facility of CENVAT credit under CENVAT credit rules, 2002
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