Duty Depression on old machine

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Duty Depression on old machine
Query (Issue) Started By: - tasvir sharma Dated:- 2-4-2013 Last Reply Date:- 3-4-2013 Central Excise
Got 1 Reply
Central Excise
We are manufacturer of die c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... asting component, we have purchase a machine in fy. 2011-12 and now we sold the machine on depression value. Please tell me about correct duty calculation, duty calculate quarterly 2.5% dep. Or fixed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 12.36%. (both calculation giving below) Fixed Quarterly dep. Assayable Value after m/c dep. Assayable Value after m/c dep. 70,000/- 70000/- 12.36% 8652/- Dep. Duty 6500/- Please tell me corre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ct calculation. Reply By Pradeep Khatri: The Reply: You can avail the benefit of @ 2.5% deduction per quarter and pay the duty accordingly.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X