I Bought a new machine 6 years ago on which i had paid the Cenvat duty of 1.5 lacs.
Due to some reason i have not used it, & Now i had sold it as it is to other person.
Can i utilize my cenvat credit which i had taken at the time of purchase to clear the goods from factory
pls. advice
If your company was registered in excise before 6 years and you have paid the duty at the time of sale of capital goods. Then you can avail the cenvat credit.
Varma Raja & Associates
Thrissur
CA Inter
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
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