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Sales value of old machinary
Dear Expert,
Kindly provide information abt our one working machinery sell to third party ,its already 6 years old
Now quation what is sell price (Book value), & which rate take of excise (At time purchase or exiting Rate) how can we cleared in excise book, show in ER 1, & our books of account,
Please cleared the same above
Advance Thanks & Trgards
Mahesh
Replies (4)
Charge depreciation on CENVAT @ of 2.5% per quarter. Now compare the balance cenvat amount with the duty @ 12.5% on actual assessable value.
Charge maximum of above two.
Show it as "as such sale" of capital goods in Excise Records and ER-1.
Thanks for reply..
but my what is my assessable value of sale invoice
Actual sale price (transaction value)
Dear Sir,
There are two company one was exiting & second is company is joint venture ( I.e X company exiting entity & Y is joint venture )
we have to get new registration of excise & VAT/CST no from government body, This unit activity only packing & relabeling, & supply goods EOU, SEZ , Export, Domestics, also
Please provide information regarding what is process of dealer registration in Excise & Sales tax point
& what is necessary to submit documentation ??
after getting Dealer registration what is role of government body representative, Both Excise & sales tax Department
Also provide what is procedure to clear supply goods EOU & SEZ unit
Advance Thanks & Regards
Mahesh
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