about selling of the imported machinery

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..... Respected Sir, I have purchased an imported machinery in the year 2010-11 have taken credit of cvd+addl.duty(4%), now I want to sell that machinery to my other unit havi .....

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..... ng same PAN so I have to depriciate the duty at 2.5% quarter to the cvd,so same I have to depriciate to the addl.duty charged at 4% or not. - Reply By Pradeep Khatri - The Reply = Total duty on whi .....

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..... ch you had availed the CENVAT credit need to be charged to depreciation @ 2.5% per quarter. - Reply By Surender Gupta - The Reply = Yes, only 2.5% is required to depreciate. There is no requir .....

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..... ement to consider add. duty separately. - about selling of the imported machinery - Query Started By: - MEHUL ASHAR Dated:- 28-4-2012 Central Excise - Got 2 Replies - Central Excise - Discussion Fo .....

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..... rum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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