Rate of excise

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CA Ankith Jain

CA Ankith Jain (Querist)
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08 March 2016 Dear Experts, what shall be the rate of duty if capital goods sold as scrap?

Nilesh

Nilesh (Expert)
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10 March 2016 Read Rule 3 (5A)- (5A) If the capital goods are cleared as waste and scrap, the manufacturer shall pay an amount equal to the duty leviable on transaction value.

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