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Inter unit transfer of capital goods
No. Excise duty not applicable on it if you removed it as such, as we need to charge excise duty under rule 3(5a) and rule 3(5) is purely based on amount of cenvat credit taken on the same and usage period of particular asset. Since, no credit available for clearance of assets against EPCG, no need to charge excise duty under Rule 3(5a).
Thanks and Regards,
Manoj B. Gavali
In which condition we have to pay excise duty on transaction value.
Thanks
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Follwing conditions must be satisfied:- (a) There should be sale of goods. (b) The goods sold should be for delivery at the time and place of removal. (c) The assessee and the buyer of the goods should not be related persons. (d) The price should be sole consideration for the sale.
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Only when you are selling capital as waste or scrap, excise duty will have to calculated on transaction value.
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