Dear All,
I am working in Excise Co. We have two unit one is excisable and other one is non excisable.
We want to shut down one unit(excisable) but may wait for surrender depending upon scenerio. As Excise duty on Capital goods is huge, we wish to use the machinaries in non excisable unit. Brief me the law and any way of using the machinaries into non excisable units.
You should reverese the cenvat credit of input on the stock and same as capital goods at the time of surrender of excise registration.
Bharat Shah & Associates
Mumbai
CA Inter
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
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CCI
Pro
CAclubindia
