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Capital goods removal

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(Querist)
09 April 2012 My question is suppose ABC is a manufacturer of plastic moulded items and it is also registered in Excise. Suppose ABC purchases a plant & machinery in Feb at Rs. 2,00,000/- + excise duty 20,600/-. ABC wants to remove that plant & machinery as such at Rs. 2,50,000/-. Will ABC charge excise duty thereon, or if yes, how he will do the billing, & how the Cenvat Credit will be availed ?
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Pravin Deokar

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Pravin Deokar (Expert)
17 April 2012 Dear Sir,

I think the ABC should take the whole credit in the books then remove the capital goods as such charging the excise duty exactly the same as availed.
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