CAPITAL GOODS.
This query is : Resolved
12 January 2010
Dear Experts,
We have purchased some capital goods before 05 years. Last month we have transfered all the capital goods from Unit-I to Uni-II. We have cleared the capital goods on payment of 100% duty whatever we have taken in Unit-I before 05 years.
Now my question is whether our procedure is correct or wrong.
Thankd and regards,
R.
We have purchased some capital goods before 05 years. Last month we have transfered all the capital goods from Unit-I to Uni-II. We have cleared the capital goods on payment of 100% duty whatever we have taken in Unit-I before 05 years.
Now my question is whether our procedure is correct or wrong.
Thankd and regards,
R.
Rajesh Kumar
(Expert)
13 January 2010
It is wrong. Amount of duty required to be reveresed is to be reduced by 2.5% every quarter.
16 January 2010
Dear Mr. Rajesh,
But we have done the same. Now please tell me what is the solution.Because we have paid the duty in PLA.
But we have done the same. Now please tell me what is the solution.Because we have paid the duty in PLA.
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