Old capital goods except computer & accessories

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27 September 2015 Dear Sirs,

Please explain me rule 3(5a) with an example of cenvat credit rules 2004

06 October 2015 As per rule 3(5A) of cenvat credit rules if capital goods are removed after use the manufacturer or output service provider shall pay an amount in case of computer and computer peripherals, the rate of reduction shall be 10% per quarter and on other capital goods 2.5% for each quarter of a year or part there of from the date of taking the cenvat credit.



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