look into the invoice issued by yourself, if the same is issued as capital goods clearance, then no need to pay duty, but if its issued as finished goods / passed through RG-1/DSA, then duty is payable on transaction value.
We have romoved the capital goods from the RG23 C part 1 register only.
we have sold the machine to third party at the value of 3,00,000 RS.
ask the audit team to issue SCN, as your stand is right and they are not updated with the CCR 2004
Agree. No duty is requuired to be paid on the basis of above facts.
thanks for all of you for all the help.
Audit team has backed down.
Regards
thanks for all of you for all the help.
Audit team has backed down.
Regards
CAclubindia
