Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Capital Goods Duty

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir, We have pur the II hand machine from local they charge us duty 45% the slab is as under Tool Cutter M/c Value 125000 Excise Duty 40418 Cess .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1213 Total 16631 Vat 12.5% 10829 Total 187460 They Pur the m/c form Pr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aga Tools Ltd. Balanaga, Hydrabad can we avail the excise duty, they mention in Inv goods being sold under Cenvat rule 3(5)(b), 2004 warm regards, - Reply By Pradeep Khatri - The Reply = Y .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es, you can avail the CENVAT credit and Input Tax Credit since the machine is in use and still is capable to be used in manufacturing of finished goods. But you may avail the CENVAT credit on Capital .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... goods to the extent of 50% in the first financial year and remaining 50% in the next financial year. - Reply By MANDAVILLI RAMAKRISHNA - The Reply = they have to charge excise duty at the prevailing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rat eon the value of the invoice value only. better to check once again. - Capital Goods Duty - Query Started By: - Avinash Bhavsar Dated:- 27-5-2012 Central Excise - Got 2 Replies - Central Exci .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates