excisability of plant and machinery

When to buy or rent heavy equipment

Talk to your financial advisor about the possible tax implications (or advantages) of buying or renting equipment for your business. Tip for U.S. equipment owners: you may be able to avoid paying capital gains tax when you sell and buy equipment for your business. Learn about 1031 Like-Kind Exchanges here. 3. Length of project or job frequency Get price

CHAPTER 10 ACCOUNTING FOR PROPERTY, PLANT, AND

property, plant or equipment item, for example, a building, selected to be continuously identified in the property records. The selection of property record units determines the manner in which costs are assembled and recorded in the property records. A property record unit may be Get price

Commissioning Checklist: The Ultimate Collection [Free

Mar 26, 20203. Plant Commissioning Checklist. This plant commissioning checklist is used for the commissioning of wastewater projects or treatment plants. This checklist has been designed to make it easier for inspectors to verify the installation, function, and documentation of pumping systems and the preliminary, secondary, and tertiary treatment process equipment. Get price

glasswool crusher machine

glasswool crusher design. glasswool crusher design, Jun 7, 2017 It is widely used in glass, glass fiber reinforced plastic, automobile steel pad, glass wool, ceramics, electric power and so on It has the advantages of small design, safe and convenient operation, low fashion design and high efficiency High wear and tear, high toughness, multialloy wearresistant . Get price

ball mill coal reject chute

Ball Mill Coal Reject Chute - photodesign Discharge Chute For Ball Mill Rolvaplast. Ball mill coal reject chute - raginggranniessed ball mills for sale from machinery and equipmentachinery and equipment buys and sell used ball mills for mining and includes trommel discharge, ball mill rejects conveyor, lube system, etcearing lubrication type hydrostatic, feed chute sump tank, removable Get price

Excise duty on sale of plant machinery [Resolved]

Dear Experts My client is selling old plant machinery which was bought in 1980 and new P M bought in the recent years My doubt is whether Excise duty is attracted on these two sales If yes on what amount Its urgent please reply at the earliest Thanking you Regards CA SHASHI KUMAR C G. Get price

Contractors Plant Insurance

Contractors Plant or Equipment Insurance provides insurance cover to businesses and individuals within the mining, excavation/earth moving, crane hire, civil and related industries. This includes stationary and mobile plant equipment cover, road risk liability and broad form public and products liability. Get price

Manupatra

Likewise, fine in lieu of confiscation of the plant and machinery is also reduced to ` 10 lakhs. Levy of excise duty, however, is maintained. 8. Prior to March 01, 1997 there was some doubt expressed as to the excisability and classification of the product 'Ready Mix Concrete'. Get price

November 2014

The issue is no longer res integra as it has been held by Hon'ble ITAT Mumbai in case of Bennet Coleman Co. Ltd. Vs ITO(TDS) [ITA No. 7315/Mum/2008] pronounced on 12-11-2014 wherein the assesse (Times of India) has entered into an agreement with M/s FERAG AG for supply of heavy plant and machinery along with installation and commissioning Get price

Excisability of bagasse and press mud.

Case:- COMMISSIONER OF C. EX., LUCKNOW V/S KISAN SAHAKARI CHINI MILLS LTD. Citation:-2014(302) E.L.T. 346 (ALL.) Brief facts:- The issue pertains to excisability of bagasse and press mud.The bagasse is obtained in the course of manufacture of sugar out of sugarcane may find mention in the schedule to the central excise tariff, but it does not become a final product merely on such fact Get price

TIOL

This customization is akin to installation and commissioning of machinery in a brick and mortar industry. Though such custom software products available off-the-shelf requires minimum customization they are still packaged software and hence not eligible to claim exemption under S.No. 27 of Notification No. 6/06 CE dated 01.03.2006 as amended. Get price

Grinding Of Coal Excisability

excisability of plant and machinery keuken310 The Section 37B order regarding excisability of plant and machinery assembled at site has been communicated as Trade Notice No. 4/2002 dated 29-1-2002. In that Trade Notice, the date of the Section 37B order has been mentioned by mistake as 15 th January, 2001. Chat Online; EXCISABILITY OF GOODS MANUFACTURED OR ERECTED AT SITE Get price

Material Processing Equipment, Parts, Service

For over 30 years, Murrysville Machinery Company has been a leading provider of crushing, screening, shredding and conveying equipment to produce material for projects large and small. We also carry a range of manufacturer parts and provide on-site service Get price

Vol. 35, Issue No. 41, 07 Oct, 2000

Excisability of Plant and Machinery . Sukumar Mukhopadhyay. How Have the Poor Done? N C Saxena. Hindutva vs Ambedkarism . Ambrose Pinto. Formalising Livelihood . Lakshmi Narayan, Poornima Chikarmane. The Euro Crash . Frederic F Clairmont. Perspectives. Unbundling of the State . L C Jain. Book Reviews. Get price

Plant and Machinery

Plant and Machinery means all plant and machinery, equipment, fittings, installations and apparatus, tools, motor vehicles and all other similar assets (other than any assets that are deemed by law to be immoveable property), wherever they are situated, which are now, or at any time after the date of this Deed become, the property of a Chargor. Get price

CA Gowrav: CENTRAL EXCISE (Basic Concepts)

When a plant and machinery comes to existence in a fully manufacture condition in factory and is re-assembled in the customer's location Yes Where various parts are manufactured or purchased at site and new plant and machinery comes in to existence in a MOVABLE MANNER Get price

Section 37B of the Central Excise Act, 1944, the Central

Jul 15, 2020Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of goods erected and installed at site, to issue the following instructions. Get price

Asset Disposals

Gilbert Engineering specialise in installation of plant and equipment, plant shutdowns and factory relocations, fabrication and repair, autoclaves and pressure vessels, stainless steel tanks, conveyor systems, and special purpose machinery. Call Ron Gilbert on +64 9 259 4800. New and used machinery and equipment dealer. Get price

Central Excise Order No. 58/1/2002

Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of goods erected and installed at site, to issue the following instructions. Get price

Import Export Data, Export Import shipment data from Customs

Jun 20, 2020Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of goods erected and installed at site, to issue the following instructions. Get price

DUAL GST AND LEGAL ASPECTS

Excisability. Manufacture. Deemed manufacture. Transaction value. MRP based valuation. Concept of factory. Concept of removal. other than plant and machinery, except where it is an input service for further supply of works contract service; 'Plant and machinery' means apparatus, equipment, and machinery fixed to earth by foundation Get price

Excisability of plant and machinery assembled at site

Excisability of plant and machinery assembled at site - regarding - Central Excise. X X X X Extracts X X X X.. f its component. In such a situation there is no manufacture of goods as it is only a case of assembly of manufactured goods into a system. Get price

Commissioner of Central Excise Ahmedabad Vs Solid and

Excerpt: excise - manufacture - marketability - excisability - section 2(d) of the central excise act, 1944 - section 3(36) of the general clauses act, 1897 - section 3 of the transfer of property act, 1882 - respondent was engaged in the manufacturing of asphalt batch mix, drum mix/hot mix plant by assembling and installing the parts and components- respondent contended that although setting Get price

training.gov.au

Carry out servicing of plant and equipment in accordance with the service schedule, manufacturer specifications and site requirements. 2.5. Dispose of used oils and lubricants in accordance with environmental regulations and site requirements. 2.6. Maintain completed servicing schedule and/or records in accordance with site requirements Get price