Dear Friends.
- Capital Goods Removal as such after being used of 10 Years (i.e. 40 Quarters) how much duty applicable.
- We clear our Final Product (Polyester Texturised Yarn - 5402 33 00 ) under Exemption Notification No. 30/2004 and also generate Waste (CSH No. 5505 10 90) of Polyester Texturised Yarn is there duty payable on Waste Cleared.
- When we are opting Dual notification which is 29/2004 & 30/2004 on that time we have reversed duty of the Balance Raw Material & Capital Goods (3600000) which we purchased from the starting of the factory. After 15 days we have Re-credit (3600000) the duty which we reversed on the time of opting dual notification. Is there any permission required from the department.
- Also, we are not maintaining seperat records as per guideline by Notification. In that case any problem generate by Excise Audit.
CAclubindia
