REMOVAL OF CAPITAL GOODS AND SCRAP OF CONSUMABLES

This query is : Resolved

PRIYAM GUDHAKA (Querist)
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25 September 2008

WE HAVE ONE EOU UNIT WHO HAVE PURCHASES ITS MACHINERY FROM TRADER OF MACHINERY WITHOUT ISSUING CT -3 FORM OR TAKING ANY DUTY EXEMPTION . NOW WE WANT TO REMOVE THIS MACHINERY FROM OUR UNIT AND SALE IT TO CUSTOMER . WHAT IS THE PROCEDURE FOR THE SAME. DO WE HAVE TO PAY ANY DUTY ON THE SAME. PLEASE PROVIDE RELEVANT NOTIFICTAION DETAILS ON THE SAME.

ALSO WE HAVE PURCHASES MANY CONSUMABLES FROM SMALL SCALES UNITS WITHOUT ISSUNG ANY CT-3 IN THIS EOU . THIS CONSUMABLES SCRAP WE WANT TO DISPOSE OFF WHAT IS THE PROCEDURE FOR TEH SAME

Arbind Aggarwal

Arbind Aggarwal (Expert)
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27 September 2008 You can remove these without paying any duty.

Goods should be identifiable with the purchase invoice like- serial no. of machine etc., then write the cross ref. saying purchsed without CT-3 form, and no cenvat credit has been taken on this.

Scrap you can not distinguish so duty has to be paid.

There is no notification for this purpose but there is also no notification to forbid such.

arbindaggarwal@yahoo.com

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