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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Short Term Gain Reporting ITR
- ITC BENEFIT ON BROKRAGE PAID
- Query regarding reporting of exempt foreign remuneration in ITR
- Taxation on Old jewellery sold
- TDS refund Indemnity Bond
- Gst reverse charge mechanism to be claimed in the month of payment
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
