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?
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
Karia Overseas
Ahmedabad
CA
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
CAclubindia
