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|
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
