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cenvat credit reversal on capital goods-reg

Central Excise - Started By: - Ramakrishnan Seshadri - Dated:- 11-5-2016 Last Replied Date:- 13-5-2016 - Dear Sir,We are having one imported machine imported during 2011. We have taken cvd and sad. Now we want to sell the machine. What is the procedu .....

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pital goods under a cover of Central Excise Invoice by reversing proportionate Cenvat Credit of CVD and SAD both as per Rule 3(5A)(a) of Cenvat Credit Rules 2004. But if you are removing those capital goods as waste and scrap then you will be require .....

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removed after being used, the manufacturer or provider of output services shall pay an amount equal to the CENVAT Credit taken on the said capital goods reduced by the percentage points calculated by straight line method as specified below for each q .....

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for each quarter in the fourth and fifth year @ 1% (ii) for capital goods, other than computers and computer peripherals @ 2.5% for each quarter: Provided that if the amount so calculated is less than the amount equal to the duty leviable on transac .....

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