Duty Depression on old machine

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..... We are manufacturer of die casting component, we have purchase a machine in fy. 2011-12 and now we sold the machine on depression value. Please tell me about correct duty calculation, duty calculate q .....

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..... uarterly 2.5% dep. Or fixed 12.36%. (both calculation giving below) Fixed Quarterly dep. Assayable Value after m/c .....

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..... dep. Assayable Value after m/c dep. 70,000/- 70000/- 12.36% 8652 .....

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..... /- Dep. Duty 6500/- Please tell me correct calculation. - Reply By Pradeep Khatri - The Reply = You can avail the benefit of @ 2.5% deduction per q .....

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..... uarter and pay the duty accordingly. - Duty Depression on old machine - Query Started By: - tasvir sharma Dated:- 2-4-2013 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowled .....

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

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