Rule 3(5a) cg removed as waste and scrap

This query is : Resolved

Suraj Pathak (Querist)
Follow

21 May 2014 I want to know whether any changes has been made in this rule??? i have heard that the requirment of calculation using 2.5% for each quarter has been abolished???

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

21 May 2014 Removal of scrap and capital goods after used both are deferent. Duty will be payable on scrap on assessable value but duty will be payable on capital goods after use calculation of 2.5% per quarter.

Rupesh Jain

Rupesh Jain (Expert)
Follow

30 May 2014 yes at present rule of 2.5@ per quarter rule is abolished now you have to pay excise duty @ current rate on transaction amount/selling price.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

NISHANT SIPANI

RAGHUNATH KASIBHOTLA

siddhesh satardekar

Vimlesh kumar

Prakash Kaduluri

Subscribe Now

Rule 3(5a) cg removed as waste and scrap

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior Executive

CA Final

GST CONSULTANT

Accountant

Manager- Finance and Compliance