Charging excise duty on capital goods sale

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..... Charging excise duty on capital goods sale
Query (Issue) Started By: - Mridul Sethi Dated:- 21-11-2011 Last Reply Date:- 22-11-2011 Central Excise
Got 2 Replies
Central Excise
Procedure f .....

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..... or removal of capital goods for One plant to another with regards to excise duty. In this case duty will be reversed at Old rate(at the time of purchase) or at existing rate? Mridul Sethi Reply By P .....

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..... radeep Khatri: The Reply: CENVAT credit would be reversed after deduction of 2.5% of duty per quarter if you are removing Capital goods from your one unit to another unit. Reply By Mridul Sethi: The .....

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..... Reply: Sir, Pls let me clear that:- 1. Will Excise Duty will charged @ prevalent rate at the time of removal or 2. Will we reverse the duty as in case of Input removal. Also pls make it clear by .....

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..... an exp. that a company has make decision to sale a machinary @ Rs.2 lac & its purchase price is Basic Rs.5 Lac & it is purchased 4 years before. How to calculated excise duty. Is it 10.3% on Rs.2 Lac .....

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..... or on 5 lac minus 40%(2.5%x4qtr.x4years)....Mridul
Discussion Forum - Knowledge Sharing .....

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