Removal of capital goods
This query is : Resolved
Arjun Rathi
(Querist)
18 April 2014
I removed a capital goods after use. And as per reversel rules of excise, duty payable by me is 50000/- but as per transaction value, excise duty payable is 40000/-(333333 12%). I have to pay whichever is higher..
pls tell me in creation of bill, how much amount of excise duty will be added?
Pushkar Singh Mer
(Expert)
20 April 2014
Please read Rule 3(5) of CENVAT CREDIT RULES, 2004
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