Refund of used capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2011
i want to file refund claim of duty paid of capital goods which are cleared after 10 year of the life and that time depreciation value become nil as per depreciation law, so how can i apply for refund on duty paid and in which format i have to file refund of duty paid on capital goods after NIL value in books of account and cleared as as such.
01 November 2011
no cash refund
you have to use the credit on taxable clearances from your factory.
cash refund possible only under "export under rebate claim of duty"
you have to use the credit on taxable clearances from your factory.
cash refund possible only under "export under rebate claim of duty"
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