TaxTMI 
TaxTMI 
Duty Depression on old machine
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....uty Depression on old machine<br> Query (Issue) Started By: - tasvir sharma Dated:- 2-4-2013 Last Reply Date:- 3-4-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>We are manufacturer of die ca....
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....sting component, we have purchase a machine in fy. 2011-12 and now we sold the machine on depression value. Please tell me about correct duty calculation, duty calculate quarterly 2.5% dep. Or fixed 1....
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....2.36%. (both calculation giving below) Fixed Quarterly dep. Assayable Value after m/c dep. Assayable Value after m/c dep. 70,000/- 70000/- 12.36% 8652/- Dep. Duty 6500/- Please tell me correc....
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....t calculation. Reply By Pradeep Khatri: The Reply: You can avail the benefit of @ 2.5% deduction per quarter and pay the duty accordingly.<br> Discussion Forum - Knowledge Sharing ....