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Sales value of old machinary

EXICSE (Legacy) 519 views 4 replies
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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