AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Duty Depression on old machine
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 ....