How to avail balance 50%?

[Former Member]

Hi Expert!

50% of Excise Duty on Capital item I have availed in last year. Now, how to avail the balance 50% of Excise Duty on Capital item.

Please help.

Thanks in Advance.

Prashant.

[suma_mani · Accepted solution]

Hi Prashant,

You can use J2I8 transaction to avail the same.While executing the same > Values transfering from Cenvat hold account to RG23C account.

Rgds

SumaMani

[Former Member]

hai,

As per Central Excise Tariff Act,1985

          Excise duty paid on capital goods purchased shall be taken in to account  @50%of ED in the year of purchase.Remaining balance ie.,50% in the following year shall be taken in account.

u can avail this duty as you can in the previous year ie., u can use it for payment of excise duty on dutiable goods.

have a nice day.

[Former Member]

Hi Madan,

But, what is the Transaction Code to avail the balance 50% of ED.

Thanks in advance

Prashant.

[suma_mani]

Hi Prashant,

J2I8 is transaction code where you can able avial the same

Rgds

SumaMani