I. Provisions in respect of supply of capital goods:-
*In case of supply of capital goods or plant and machinery: an amount equal to the input tax credit taken on the said capital goods or plant and machinery reduced by the five percentage points as may be specified in this behalf or the tax on the transaction value of such capital goods whichever is higher is payable.
*Where refractory bricks, moulds and dies, jigs and fixtures are supplied as scrap, the taxable person may pay tax on the transaction value of such goods.
* Input Credit of capital goods can be taken in one installment.