For capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2014
Sir
we have purchase a capital goods from Company
'A' & we want to sale to 'B' Kindly give us suggestion we sale removed as such or in other ways because we have credit taken of 50% in current Fy. or if we sale or removed as such the same goods in which ratio we credit reversed from RG23C P-II.
Regards
Gautam
we have purchase a capital goods from Company
'A' & we want to sale to 'B' Kindly give us suggestion we sale removed as such or in other ways because we have credit taken of 50% in current Fy. or if we sale or removed as such the same goods in which ratio we credit reversed from RG23C P-II.
Regards
Gautam
Rupesh Jain
(Expert)
10 December 2014
you have to make payment of duty form your cenvat C a/c if you not have bal then through PLA.
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
Rupesh Jain
(Expert)
10 December 2014
you have to make payment of duty form your cenvat C a/c if you not have bal then through PLA.
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
you can take deprecation on cenvat values 2.5% per quarter and compare the excise amount after depreciation with the current rate on the sale value. you have to pay the excise amount which ever is higher
like if after depreciation cenvat value is rs. 100/-
and on current rate 12.36% on sales value is 120/-
then you have to pay 120/- not the rs. 100/-
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