Excise on Chairs
This query is : Resolved
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
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
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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