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TMI BlogDisposal of Asset As a scrapX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We disposed our old unused assets as a scrap and we remove this assets from our books of accounts. So we need to pay excise how much sale value we received from scrap sales or we calculate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reduce 2.5 % per quarter and than we pay the duty accordingly which one is correct method in above case ? Regards Swapneswar Muduli - Reply By KASTURI SETHI - The Reply = Transaction Value is cor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rect. - Reply By surya narayana - The Reply = Dear Friend, I endorse the view of Shri. Kasturi Sethi Ji while giving a small advise as an abundant caution that please ensure mentioning in the clea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rance invoice after the item name ( Scrap ) or write as as a prefix Scrapped to the item name. Best Regards Suryanarayana - Reply By KASTURI SETHI - The Reply = Sh.Surya Narayana Ji, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Thanks Sir for correctly completing my reply. - Reply By Ganeshan Kalyani - The Reply = Thanks to experts. It enriched my knowledge. Thanks. - Disposal of Asset As a scrap - Q ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uery Started By: - Swapneswar muduli Dated:- 9-5-2016 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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