Excise duty applicability on sale of goods import under epcg

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This query is : Resolved

Kamal Singh (Querist)

29 March 2013 Dear Sir
Does Excise duty is applicable or not on sale of goods imported under Zero percent EPCG scheme? If any notification or circular is available in this regard please update. Thnx

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=615452

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

29 March 2013 https://www.caclubindia.com/experts/excise-duty-applicability-on-sale-of-goods-import-under-epcg-1270249.asp#.UVVvoRyLBw4

Kamal Singh

Kamal Singh (Querist)

29 March 2013 Sir
Many Thanks.

Specific Query is: Capital Goods imported under epcg license. EO fullfilled. Licence redeemed and EODC received.

Now, if we sale these capital goods does this sale attarct the excise duty . Do we need to charge the excise duty on sale of these capital goods.

Pls answer and if any notification/ circular is avialable please update.

Thanx

Kamal Singh

Kamal Singh (Querist)

11 April 2013 Sir
Please give a light on above query.

Excise duty will be charged or not on sale of capital goods imported under epcg scheme.

EO fullfilled and licence is redeemed.

Thanks

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

11 April 2013 it will be best if you not export though this EPCG licence irrespective of EODC received or Not.

Kamal Singh

Kamal Singh (Querist)

15 April 2013 Dear Sir
Many thanks for your comment.

Now we are not exporting through this epcg license. Licence redeemed , eodc received.

Now we want to sale the capital goods.
Do we need to charge the excise duty on this sale or not? Please comment.
Your sharing is valuable for us.

Thanks/Regards

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