Sale of TUF machinery

Dear there,

 

what is the effect of sale of machinery with in 2 years which entitled TUF Subsidy?
has the capital subsidy  to be repaid?

Replies (2)

yes you need to repay that subsidy.

May be there we be levy of penalty as well for not informing the authority before sale.

Originally posted by : praveen

yes you need to repay that subsidy.

May be there we be levy of penalty as well for not informing the authority before sale.

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