TaxTMI 
TaxTMI 
about selling of the imported machinery
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....bout selling of the imported machinery<br> Query (Issue) Started By: - MEHUL ASHAR Dated:- 28-4-2012 Last Reply Date:- 30-4-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>Respected Sir, I....
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.... have purchased an imported machinery in the year 2010-11 & have taken credit of cvd+addl.duty(4%), now I want to sell that machinery to my other unit having same PAN so I have to depriciate the duty ....
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....at 2.5% quarter to the cvd,so same I have to depriciate to the addl.duty charged at 4% or not. Reply By Pradeep Khatri: The Reply: Total duty on which you had availed the CENVAT credit need to be ch....
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....arged to depreciation @ 2.5% per quarter. Reply By Surender Gupta: The Reply: Yes, only 2.5% is required to depreciate. There is no requirement to consider add. duty separately.<br> Discussion Foru....
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....m - Knowledge Sharing ....