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excise duty on sale of old machinery

This query is : Resolved 

09 February 2010 I would like to know the applicability of excise duty on sale of old domestic machinery?

09 February 2010 no, there is no excise duty on sale of old domestic machine.

09 February 2010 VAT will attract..




09 February 2010 Yes. VAT is applicable

09 February 2010 no excise dutu will be attrcat but VAT will be applicable.

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.

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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