TaxTMI 
TaxTMI 
Tooling Cost Amortisation
X X X X Extracts X X X X
X X X X Extracts X X X X
....ooling Cost Amortisation<br> Query (Issue) Started By: - Mayige Gowda Dated:- 31-12-2011 Last Reply Date:- 2-1-2012 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Friends, I am proud to beco....
X X X X Extracts X X X X
X X X X Extracts X X X X
....me a member TMI Family and I wish you everyone A Happy New Year in advance. I have two queries on Tool Amortisation; 1) I will be amortising the Tool Cost as Cost Accountact certificate for the produ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ct manufactured out said tool. As per CA tool life is 50000 nos but Tool gets spoiled after completion of 10000 nos. Now whether I require to pay duty balance tool cost!!?? 2) Secondly, First I make ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....the supplies to customer and after some months I realise the tooling cost from customer for the goods supplied earlier. In this senario how to treat the excise duty liability!!? Thanks in advance for....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... your valuable replies Reply By r.rajkumar kumar: The Reply: 1.yes the balance duty is payable.total duty forthe tool less already amortized and balance tobe paid. 2.as per the p.o. from customer t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ools cost is payabale by the customer . hence amortisation of tool cost must charge from the begning. if your supplied with out amortisation now amortisation cost must charge for the earlier spplies a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nd pay duty with interest. for the arrears.<br> Discussion Forum - Knowledge Sharing ....