Excise duty sale of capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2013
Dear sir,
Our company purchased a machinery in 10 june-10. We credit taken it. but in this time we want to sale it so pls tell or suggest me how i calculate duty on remove of this machinery. Pls Send me calculation it.
Regards
Surender Kaushik
Our company purchased a machinery in 10 june-10. We credit taken it. but in this time we want to sale it so pls tell or suggest me how i calculate duty on remove of this machinery. Pls Send me calculation it.
Regards
Surender Kaushik
09 April 2013
Cenvat credit originally taken on the capital goods is reduced by 2.5% for each quarter of a year or part thereof from the date of taking the cenvat credit.
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