https://www.taxtmi.com/forum/issue?id=3698 Where amortisation claimed on a tool based on an accountant's certified life is undermined by earlier failure, the residual excise duty (total duty for the tool less duty already amortised) is payable. If tooling cost is recovered from customers after goods were supplied without prior amortisation, the supplier must treat amortisation as chargeable from the start, recover the amount for earlier supplies and pay the corresponding excise with interest on arrears. en-us Sat, 31 Dec 2011 10:46:05 +0530 Thu, 23 Jan 2025 15:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3698 Where amortisation claimed on a tool based on an accountant's certified life is undermined by earlier failure, the residual excise duty (total duty for the tool less duty already amortised) is payable. If tooling cost is recovered from customers after goods were supplied without prior amortisation, the supplier must treat amortisation as chargeable from the start, recover the amount for earlier supplies and pay the corresponding excise with interest on arrears. Discussion-Forum Central Excise Sat, 31 Dec 2011 10:46:05 +0530 https://www.taxtmi.com/forum/issue?id=3698