About machine
This query is : Resolved
Anirudha kabi
(Querist)
15 May 2012
Suppose i Bought a machine and after one year i sold it to the Same Purchaser,So how much duty i have to Pay and what would be the depreciation charges.My Purchase duty was 10%,2% and 1%.
Amol S Joglekar
(Expert)
15 May 2012
Anirudh, are you registered under excise? If so then have you claimed CENVAT credit? Read rule 3(5) and 3(5A) of escise.
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