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Reverse in scrap of Asset

Central Excise - Started By: - Swapneswar muduli - Dated:- 7-1-2017 Last Replied Date:- 9-1-2017 - Dear Sir,If we are scrap out our assets like our used machinery than on which amount we need to pay excise duty.On Transaction value or on after reduct .....

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capital goods are cleared as waste and scrap, the manufacturer shall pay an amount equal to the duty leviable on transaction value.] Shivkumar sharma - Reply By Ganeshan Kalyani - The Reply = Refer rule 5A (a)&(b) of CCR 2004. - Reply By MUKUND .....

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tion of 2.5% per quater basis. After the scrap , If your machinery is reusable in such condition you have to follow cenvat rules. - Reply By Ganeshan Kalyani - The Reply = I agree with the views of Sri Mukundji. Thanks. - Reply By Atul Kumar - The Re .....

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