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sales of asset

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(Querist)
13 February 2009 hi i am kumar working in a manufacturing unit i have one doubt. incase of sale of any fixed asset its necessary to pay excise duty or any other duty & also its mandatory to prepare any invoice for that pls clarify my doubt and send your suggestion...
Thanks & Regards
Kumar.M
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Rajesh Kumar

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Rajesh Kumar (Expert)
15 February 2009 no excise duty is payable on sale of fixed assets.
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