13 March 2013
Dear Sir, My client has purchased one imported machinery in August 2012 and now he wants to sell the machine,(machine used for production ) My question is how much excise duty (out of 12%) and how much additional duty (out of 4%) which was paid by my client to be passed on the purchaser. Please also give the clause /rule details.
13 March 2013
Cenvat credit originally taken on the capital goods by 2.5% for each quarter of a year or part thereof from the date of taking the cenvat credit. If you have avail the credit of SAD then can not the pass of that portion.
CAclubindia
