CA. A. K. GUPTA (HOD (Accounts Dept)) 08 January 2015
Please answer one queary.
whether duty will be reversed on export sale of used capital goods? if yes, then please provide me notification or circular or case law.
thanks in advance.
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PRADEEP REDDY (CHARTERED ACCOUNTANT) 10 January 2015
Export of used capital goods requires the reversal of cenvat credit availed on the same.This was confirmed by the tribunal in the follwing case.