How much excise duty & add duty to passed on sale of old mac
This query is : Resolved
MANOJ BANSAL
(Querist)
13 March 2013
Dear Sir,
My client has purchased one imported machinery in August 2012 and now he wants to sell the machine,(machine used for production
) My question is how much excise duty (out of 12%) and how much additional duty (out of 4%) which was paid by my client to be passed on the purchaser.
Please also give the clause /rule details.
Thanks In Advance for your kind guidelines.
My client has purchased one imported machinery in August 2012 and now he wants to sell the machine,(machine used for production
) My question is how much excise duty (out of 12%) and how much additional duty (out of 4%) which was paid by my client to be passed on the purchaser.
Please also give the clause /rule details.
Thanks In Advance for your kind guidelines.
Arun Kumar Singh
(Expert)
13 March 2013
Cenvat credit originally taken on the capital goods by 2.5% for each quarter of a year or part thereof from the date of taking the cenvat credit. If you have avail the credit of SAD then can not the pass of that portion.
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
- ETDS return q4 25-26
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
