Tool Amortization

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..... Tool Amortization
Query (Issue) Started By: - tasvir sharma Dated:- 26-7-2012 Last Reply Date:- 30-7-2012 Central Excise
Got 2 Replies
Central Excise
Dear All, We are auto part manufactu .....

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..... rer we have use the customer tool on challan and add tool amortization for excise duty in invoice. we need the challan clear of tool within 180day? if not please let me about the notification under c .....

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..... over the subjected case. Tasvir Sharma Reply By Surender Gupta: The Reply: There is no requirement of return of jigs, fixtures, moulds and dies within 180 days by the job worker if used in manufa .....

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..... cture of goods in accordance with rule 4(5)(b) of Cenvat Credit Rules, 2004. Reply By Pradeep Khatri: The Reply: Condition of returing the Jigs, Dies and Mould within 180 does not arise if these cap .....

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..... ital goods are being used by the jobworker on behalf of manufacturer for manufacturing the finished goods as per their specification. The only condition is that the amortisation cost should be includ .....

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..... ed in the assessable value of the goods to calculate the Central Excise Duty. Further, there would be no calculation of VAT/CST on the amortised value.
Discussion Forum - Knowledge Sharing .....

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