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Q. > Please Help: to sale a machinery.
what is the procedure to sell a machinery if it is purchased from a non-excisable trader?how to calculate duty if it has to sale after 2 months of purchase or it would be an exempted sale?
1 Answers
answered Feb 18, 2012 by Mrattunjay , New Delhi
simple as salable in ordinary case.
No exise CENVAT can be take at the time of purchase.
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Comments
ca anshul heda
28-Jan-2012 , 04:27:53 pmif capital goods (machinery) sale after being used & cenvat credit is taken than reversal require after reducing 2.5% per quarter & if not used in manufacture than 100% reversal require. see cenvat credit rule 3
Rishabh Upadhyay
28-Jan-2012 , 11:47:10 pmIf purchased from a Non excisable trader (Which means no excise paid at the time of purchase) than there arise no question of reversal or anything. Hope i understood the question in right senses.