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
Arun Kumar Singh
(Expert)
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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