Excise duty on sale of plant & machinery

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CA SHASHI KUMAR CG (Querist)
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27 February 2013 Dear Experts,

My client is selling old plant & machinery which was bought in 1980 and new P & M bought in the recent years. My doubt is whether Excise duty is attracted on these two sales. If yes on what amount?

Its urgent please reply at the earliest

Thanking you.

Regards,
CA SHASHI KUMAR C G

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
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27 February 2013 Read rule 3(5A)of the Cenvat credit rules,2004.
This will help you!!

CA SHASHI KUMAR CG

CA SHASHI KUMAR CG (Querist)
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27 February 2013 Hi Richa,

There is a Machinery which was bought in 1980's on which input was not availed and utilised since capital goods were not eligible to claim input. In this case do we need to pay excise duty on transaction value or not.

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
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27 February 2013 Then you are not liable to pay excise duty.

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