Disposal of Asset As a scrap

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..... Disposal of Asset As a scrap
Query (Issue) Started By: - Swapneswar muduli Dated:- 9-5-2016 Last Reply Date:- 9-5-2016 Central Excise
Got 4 Replies
Central Excise
Dear Sir, We disposed o .....

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..... ur old unused assets as a scrap and we remove this assets from our books of accounts. So we need to pay excise how much sale value we received from scrap sales or we calculate reduce 2.5 % per quarte .....

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..... r and than we pay the duty accordingly which one is correct method in above case ? Regards Swapneswar Muduli Reply By KASTURI SETHI: The Reply: Transaction Value is correct. Reply By surya naraya .....

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..... na: The Reply: Dear Friend, I endorse the view of Shri. Kasturi Sethi Ji while giving a small advise as an abundant caution that please ensure mentioning in the clearance invoice after the item name .....

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..... ( Scrap ) or write as as a prefix Scrapped to the item name. Best Regards Suryanarayana Reply By KASTURI SETHI: The Reply: Sh.Surya Narayana Ji, Thanks Sir for correctly completing my reply. R .....

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..... eply By Ganeshan Kalyani: The Reply: Thanks to experts. It enriched my knowledge. Thanks.
Discussion Forum - Knowledge Sharing .....

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