Input goods or capital goods

This query is : Resolved

mahesh (Querist)
Follow

15 February 2013 Dear sir

pl z. explain what is Input goods and what is capital goods.How we know the following Tariff Item is our Input or Capital goods.

Please explain in simple language.

Thanks & Regards

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

15 February 2013 Machinery and spareparts are capital goods which to be use in production.

Input meens to be converted in finished goods and will be sale.its list has been subtied to excise at the time of registration.

Message likes : 1 times

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)
Follow

15 February 2013 Dear Friend
There are no tariff discrimination for Inputs goods and Capital goods . It varies from company to company and product to product .
Input material are those whose required for getting finished goods and may or may not present in finished goods . Capital goods are those fixed assets and spear parts through witch finished goods are produced .

Thanks & Regard

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!