Notification No. 39/2007-Central Excise (N.T.)

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..... Notification No. 39/2007-Central Excise (N.T.)
Query (Issue) Started By: - JAGANATHAN KUMARAVEL Dated:- 29-5-2011 Last Reply Date:- 29-5-2011 Central Excise
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Central Excise
Ple .....

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..... ase let us know whether Notification No. 39/2007-CE(N.T.) still holds good or is there any new notification on Removal of Capital Goods - Reversal of Cenvat Credit Reply By pradeep khatri: The Reply: .....

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..... This Notification still hold good and you would have to reverse 2.5% per quarter while removing of capital goods after usage. Furhter, there was a circular that clarifed that even if after 10 years .....

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..... of usage of capital goods, if removed, then, even, there is a requirement to pay C.E. duty on the transaction value of the capital goods. Hope this will clarify this issue. Best Regards, Pradeep K .....

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..... hatri
Discussion Forum - Knowledge Sharing .....

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