Case

Duty payable on

If capital goods sold as scrap

 

Transaction Value

(Selling Price)

If capital goods sold other than scrap

 

 

Higher of A and B

 

A Transaction Value

(Selling Price)

 

Or

 

B Credit taken

Less

Specified Percentage per qtr

 

 

What is specified percentage

 

In case of Computers/Computer Peripherals

Year

% per quarter

Total for 1 year

1

10%

40%

2

8%

32%

3

5%

20%

4

1%

4%

5

1%

4%

Total

 

100%

 

 

 

 

Other than Computers and Computer Peripherals

2.5% per quarter

Learn in your speed, with individual attention - Teachoo Maths 1-on-1 Class

Ask a doubt
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.