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TMI BlogCharging excise duty on capital goods saleX X X X Extracts X X X X X X X X Extracts X X X X ..... Procedure for removal of capital goods for One plant to another with regards to excise duty. In this case duty will be reversed at Old rate(at the time of purchase) or at existing rate? Mridul Sethi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Pradeep Khatri - The Reply = CENVAT credit would be reversed after deduction of 2.5% of duty per quarter if you are removing Capital goods from your one unit to another unit. - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mridul Sethi - The Reply = Sir, Pls let me clear that:- 1. Will Excise Duty will charged @ prevalent rate at the time of removal or 2. Will we reverse the duty as in case of Input removal. Als ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o pls make it clear by an exp. that a company has make decision to sale a machinary @ Rs.2 lac its purchase price is Basic Rs.5 Lac it is purchased 4 years before. How to calculated excise duty. I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s it 10.3% on Rs.2 Lac or on 5 lac minus 40%(2.5%x4qtr.x4years)....Mridul - Charging excise duty on capital goods sale - Query Started By: - Mridul Sethi Dated:- 21-11-2011 Central Excise - Got 2 Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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