Rule 3(5a) for capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2012 Sir,
can u please provide a practical illustration on rule 3 (5A). Thanks in advance

25 September 2012 Rule 3(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.

It is clearly mentioned that you have to pay duty on transaction value of waste and scrap i.e. the sale value of waste and scrap.



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