Rule 3(5) of CCR 2004 specifically talks about the disposal of Capital goods after being used on which CCR were taken. As per Rule 3(5A) if Capital goods are disposed off as waste or Scrap; Excsie duty is to be paid on transaction value. what if Cenvat Credit were not taken on this scrap capital goods?
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Excise duty on disposal of capital goods as scrap
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Dear sir,
If you have not taken the credit, there is no question of reversing of cenvat credit. so, you can dispose capital goods with payment of local sales taxes.
venkat @ hiregange.com
9620116162
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