Excise duty applicability on sale of goods imported under ep
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Dear Sir
We imported capital goods (Tools) under epcg scheme. Now EO fullfilled and licence redeemed.
Now we want to sale of these tools. Excise duty will be applicable on this sale or not.
Please advise
Rgds
We imported capital goods (Tools) under epcg scheme. Now EO fullfilled and licence redeemed.
Now we want to sale of these tools. Excise duty will be applicable on this sale or not.
Please advise
Rgds
Arun Kumar Singh
(Expert)
04 May 2013
Excise duty will be payable on assessable value.
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