Reversal of credit under rule 3(5) under central excise act
This query is : Resolved
07 November 2016
We are selling machinery after its usage not as scrap or wastage . u/r 3 (5) of central excise act reversal calculated.
My doubt is while making sales invoice whether i need to charge excise duty. how to prepare the challan.
How to show this in central excise return since we are selling the machine after its usage. in excise return we have to show quantity manufactured and cleared.
We are selling machinery after its usage not as scrap or wastage . u/r 3 (5) of central excise act reversal calculated.
My doubt is while making sales invoice whether i need to charge excise duty. how to prepare the challan.
How to show this in central excise return since we are selling the machine after its usage. in excise return we have to show quantity manufactured and cleared.
16 November 2016
Yes, you need to prepared Excisable invoice and prepare challan and pay the duty accordingly. You need to show these particular goods in ER-1.
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