Hi
We have purchased Capital goods and utilised excise input fully, Now we have sold that capital goods to other company.Do we have to pay the excise duty which we have fully utilised in the same month?
Menu
Excise duty on capital goods sold
Replies (3)
If capital goods are removed as such then as per Rule 3(5) of CCR,04 the amount equal to credit availed has to be paid but if it is removed after use then refer rule 3(5A) of CCR,04.
You can pay after claiming depreciation of the capital goods.
You can take the 50% cenvat credit on capital goods and remaining cenvat next financial year. Duty will be payable at the time of removal of goods after used.
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
