TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India Amends CENVAT Credit Rules 2004: New Repayment Conditions for Capital Goods Removal Under Rule 3(5A)</h1> The Government of India has amended the CENVAT Credit Rules, 2004, effective from the date of publication in the Official Gazette. The amendment modifies sub-rule (5A) of rule 3, specifying the conditions under which manufacturers or service providers must repay CENVAT credit when capital goods are removed after use. For computers and peripherals, the repayment is calculated on a quarterly basis with varying percentages over five years. For other capital goods, a flat rate of 2.5% per quarter applies. If capital goods are cleared as waste or scrap, the duty payable is based on the transaction value.
TaxTMI 
TaxTMI 
