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Removal of capital goods(old machinery)

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2012 Sir,

I reg excise dept. I purchase the machinery last FY 2008-09 inclusive of excise + sale tax, but machinery capitalized on 2009-10. that particular machinery will taken deprecation in every year. This machinery sale on current year.

purchase date may 2008 and sales date aug2012.
Please give me suggession.
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CA Sahil Singla..

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CA Sahil Singla.. (Expert)
27 July 2012 Please provide the exact date of purchase & sale
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
05 August 2012 You are not clear about the question. Is the machinery purchased was for re-sale? what is the nature of manufacturing for registration under excise as you have stated that machinery was sold in current year
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