TMI BlogCapital Goods DutyX X X X Extracts X X X X 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 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 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 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 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 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 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 X X X X Extracts X X X X
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