TaxTMI 
TaxTMI 
CAPITAL GOODS RETURNED
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....APITAL GOODS RETURNED<br> Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 4-10-2012 Last Reply Date:- 6-10-2012 Central Excise<br>Got 1 Reply<br>Central Excise<br>We have sold one machine to....
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.... our customer two years back. Now that customer returing the same machine to us. While returing the machine they have reduced basic price of machinery due to depreciation (as per Income Tax Act) but t....
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....hey have reversed full excise duty whatever they have taken credit originally (As per Excise Act) Excise duty is charge in their Invoice is not exact percentage on Basic Price of Invoice (excise dut....
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....y is orginally credit they have taken) In above case can we show such Goods as our Input ant avail credit of full excise duty or we can show that machine bringing for repair purpose and avail Cenvat ....
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....credit of full excise duty. pl Advice Reply By Pradeep Khatri: The Reply: Please see the Rule 3(5), (5A) (a), (b) of the CENVAT credit Rules, 2004 in this connection.<br> Discussion Forum - Knowled....
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....ge Sharing ....