Excise duty on capital goods after used.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2013
What will be liability when capital goods are transferred or removed from the factory as such after being used on which CENVAT was taken?
31 December 2013
Hi
In that case CENVAT availed/utilsed is to be reversed pro-rata.
http://wirc-icai.org/wirc_referencer/indirect%20tax/Cenvat%20Credit%20Rules.htm
Thanks
In that case CENVAT availed/utilsed is to be reversed pro-rata.
http://wirc-icai.org/wirc_referencer/indirect%20tax/Cenvat%20Credit%20Rules.htm
Thanks
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