removal of capital goods as such
This query is : Resolved
Lochsrisang
(Querist)
27 May 2010
Can a manufacturer sell/remove capital goods (tools) as such or used to different vendor. Eg. some inserts are bought to manufacture x components from y vendor. this insert is not usable by us at present, hence needs to sell the same to person intend (z) to purchase. Can we sell.
Guest
Guest
(Expert)
27 May 2010
ya but CENVAT availed on that should be paid. You have to pay all the CENVAIT if goods have not been used.
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Lochsrisang
(Querist)
27 May 2010
We are not registered to sell the tools (like trading)in Excise/Vat Registration. Even then can we sell the unused tools procured from x vendor to z vendor.
Guest
Guest
(Expert)
27 May 2010
you have first write a application to excise authority, they will see all the details and will guide you, but i think you can sell the unused tools
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