Cenvat credit on capital goods

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Assistant Manager
28 Points Posted on 18 December 2012

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

 

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On 18 December 2012 at 19:45 Report
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GST Advocate
15223 Points Posted on 20 December 2012

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. 

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On 20 December 2012 at 16:29

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