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

  1. Indirect Tax
  2. Cenvat Credit
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.