https://www.taxtmi.com/forum/issue?id=1019 Excise duty is generally leviable on invoiced transfers of dies, but where dies are retained and used within the factory for manufacture of dutiable goods, an excise invoice with duty NIL may be raised under Notification 67/95 CE. The die's capital cost must be amortised into component transaction values and duty paid on those components. CENVAT credit on capital goods may be retained while dies remain in factory use; if dies are removed later, CENVAT must be reversed per Cenvat Credit Rules. en-us Wed, 11 Feb 2009 09:46:55 +0530 Thu, 23 Jan 2025 15:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1019 Excise duty is generally leviable on invoiced transfers of dies, but where dies are retained and used within the factory for manufacture of dutiable goods, an excise invoice with duty NIL may be raised under Notification 67/95 CE. The die's capital cost must be amortised into component transaction values and duty paid on those components. CENVAT credit on capital goods may be retained while dies remain in factory use; if dies are removed later, CENVAT must be reversed per Cenvat Credit Rules. Discussion-Forum Central Excise Wed, 11 Feb 2009 09:46:55 +0530 https://www.taxtmi.com/forum/issue?id=1019