TaxTMI 
TaxTMI 
Charging excise duty on capital goods sale
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....harging excise duty on capital goods sale<br> Query (Issue) Started By: - Mridul Sethi Dated:- 21-11-2011 Last Reply Date:- 22-11-2011 Central Excise<br>Got 2 Replies<br>Central Excise<br>Procedure fo....
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....r removal of capital goods for One plant to another with regards to excise duty. In this case duty will be reversed at Old rate(at the time of purchase) or at existing rate? Mridul Sethi Reply By Pr....
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....adeep Khatri: The Reply: CENVAT credit would be reversed after deduction of 2.5% of duty per quarter if you are removing Capital goods from your one unit to another unit. Reply By Mridul Sethi: The ....
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....Reply: Sir, Pls let me clear that:- 1. Will Excise Duty will charged @ prevalent rate at the time of removal or 2. Will we reverse the duty as in case of Input removal. Also pls make it clear by a....
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....n exp. that a company has make decision to sale a machinary @ Rs.2 lac & its purchase price is Basic Rs.5 Lac & it is purchased 4 years before. How to calculated excise duty. Is it 10.3% on Rs.2 Lac o....
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....r on 5 lac minus 40%(2.5%x4qtr.x4years)....Mridul<br> Discussion Forum - Knowledge Sharing ....