Excise notification required for capital goods for sale
This query is : Resolved
25 May 2011
Machinery purchase dt 21.4.2011
Sold dt 23.5.2011
Excise duty should be charged same as per purchase value or reduce rate proportion to month.
what's the assessable value ?
should it deals as dealer sale while we are manufacturer?
should i Deduct depreciation for find our assessable value?
Sold dt 23.5.2011
Excise duty should be charged same as per purchase value or reduce rate proportion to month.
what's the assessable value ?
should it deals as dealer sale while we are manufacturer?
should i Deduct depreciation for find our assessable value?
25 May 2011
as no complete quarter has been passed, no depriciation benefit
you have to take 100% credit and reverse 100% credit in this case.
no value dedcuction.
you have to take 100% credit and reverse 100% credit in this case.
no value dedcuction.
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