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Excise on Chairs

This query is : Resolved 
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(Querist)
23 January 2009 Hi,

We are a STPI unit, we have some chairs which are custom bonded (indigenious purchase against CT-3), now we are planning to sale these off. kindly let me know which are the taxes applicable for that?? and the rates for the same. say for example we have a chair of Rs 100/- (excluding taxes) what would be its selling price??

Nazir
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Rajesh Kumar

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Rajesh Kumar (Expert)
30 January 2009 It appears that you want to sell the chair as scrap. Sell it at its market price, and pay duty on this value which is applicable on DTA clearance on scrap.
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Nazir

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Nazir (Querist)
30 January 2009 Thanks Rajesh..
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