https://www.taxtmi.com/acts?id=2977 Reduction of tax credit prescribes that goods in the Second Schedule attract 100% reduction; other goods are reduced by a formula linked to the applicable tax rate. Full reduction also applies to unmanufactured tobacco, tobacco products and all lubricants. Reduced credit may be reclaimed when the same goods, or goods processed or manufactured from them, are brought back into Delhi for taxable sale, inter-state sale, sale outside Delhi, or export, subject to the goods being the same or processed/manufactured from the originally transferred goods. Credit on goods lost or destroyed must be reversed. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 24 Dec 2015 11:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2977 Reduction of tax credit prescribes that goods in the Second Schedule attract 100% reduction; other goods are reduced by a formula linked to the applicable tax rate. Full reduction also applies to unmanufactured tobacco, tobacco products and all lubricants. Reduced credit may be reclaimed when the same goods, or goods processed or manufactured from them, are brought back into Delhi for taxable sale, inter-state sale, sale outside Delhi, or export, subject to the goods being the same or processed/manufactured from the originally transferred goods. Credit on goods lost or destroyed must be reversed. Act-Rules VAT - Delhi Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2977