How much excise duty & add duty to passed on sale of old mac
This query is : Resolved
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.
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.
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