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?
CA Amit Kumar Hallen
(Expert)
09 February 2010
no, there is no excise duty on sale of old domestic machine.
CMA Ramesh Krishnan
(Expert)
09 February 2010
Yes. VAT is applicable
CA Ravi Sisodia
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Rectification under processing even after 6 months cpc portal
- Closer of business and itc of capital goods
- Capital gain on commercial property and investment in residential property
- Movement of goods by packers and movers - type of sale - Reg.
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
