Rule 3(5a) for capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2012
Sir,
can u please provide a practical illustration on rule 3 (5A). Thanks in advance
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.
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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