Procedure - Duty free capital items

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..... Procedure - Duty free capital items
Query (Issue) Started By: - ramu dada Dated:- 23-3-2007 Last Reply Date:- 25-9-2009 Service Tax
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Service Tax
B-17 bonds are executed by 10 .....

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..... 0% EOU units.The duty forgone in case of raw materials(imported/excise duty free) is debited from the bond & it is credited when the materials are consumed.What are the procedures to be followed in ca .....

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..... se of duty free Capital items. Reply By Surender Gupta: The Reply: Bond in respect of capital goods shall not be discharged on arrival of the capital goods within the unit so long as the capital good .....

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..... s are in the unit. Reply By R.S. Mangal: The Reply: in case of duty free Capital items duty at the rate of 25% of duty foregone is debited in B-17 Bond. the credit is allowed only at the time debondin .....

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..... g of captial goods.
Discussion Forum - Knowledge Sharing .....

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