Please Help: Excise duty
Posted Date : 21-Jun-2012 , 08:18:52 pm | Posted By: Vikash Kumar Jha
Category :
Excise | Answers :
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Comments :
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If one has used capital goods then liability of excise duty case will be arise ? |
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Answers:
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 Answer by: Rishabh Upadhyay |
| hi vikash, please detail your query a bit, as to "USE" in what sense??
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| Answer by: CA VIKAS JAIN |
| dear vikash, provision regarding capital good in excise is as fallows: as and when cap good entered into factory premise then duty credit will recorded in books. and if such goods is removed from factory afterthat either as such or being used then you have to pay duty.
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| Comments |
| Posted By : CA.Raman Mutneja |
21-Sep-2012, 02:12:51 |
| When cap goods removed as such or after use 2.5% per qutr excise shall be reduced from exice credit taken.and the balance shall be liabilty. |
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| Posted By : Anil Kumar Singh |
23-Jul-2012, 08:35:49 |
| excisabe capital sale but excise duty rate not canform & depriciation rule |
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| Posted By : |
21-Jun-2012, 11:43:39 |
| So it will be depends on situation , sir |
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