TaxTMI 
TaxTMI 
TaxTMI 
Capital Goods Duty
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....apital Goods Duty<br> Query (Issue) Started By: - Avinash Bhavsar Dated:- 27-5-2012 Last Reply Date:- 30-5-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Sir, We have pur the II hand ....
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....machine from local they charge us duty 45% the slab is as under Tool & Cutter M/c Value 125000 Excise Duty 40418 Cess 1213 Total 16631 Vat 12.5% 10829 Total 187460 They Pur the m/c form Praga T....
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....ools Ltd. Balanaga, Hydrabad can we avail the excise duty, they mention in Inv goods being sold under Cenvat rule 3(5)(b), 2004 warm regards, Reply By Pradeep Khatri: The Reply: Yes, you can avail....
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.... the CENVAT credit and Input Tax Credit since the machine is in use and still is capable to be used in manufacturing of finished goods. But you may avail the CENVAT credit on Capital goods to the exte....
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....nt of 50% in the first financial year and remaining 50% in the next financial year. Reply By MANDAVILLI RAMAKRISHNA: The Reply: they have to charge excise duty at the prevailing rat eon the value of....
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.... the invoice value only. better to check once again.<br> Discussion Forum - Knowledge Sharing ....