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excise duty on sale of old machinery (Excise)
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Boopathy ( Author ) 09 February 2010	I would like to know the applicability of excise duty on sale of old domestic machinery?


CA Amit Kumar Hallen ( Expert ) 09 February 2010	no, there is no excise duty on sale of old domestic machine.


Nazir ( Expert ) 09 February 2010	VAT will attract..


CMA.Ramesh Krishnan ( Expert ) 09 February 2010	Yes. VAT is applicable


CA Ravi sisodia ( Expert ) 09 February 2010	no excise dutu will be attrcat but VAT will be applicable.


Lekh Sood ( Expert ) 23 February 2010	If the cenvat credit was taken on the machine then you have to reverse the cenvat credit after calculating 10% reduction in reversal for every year of usage.


Lekh Sood ( Expert ) 23 February 2010	If the cenvat credit was taken on the machine then you have to reverse the cenvat credit after calculating 10% reduction in reversal for every year of usage.



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