Bookmarks   Feedback   Annual Subscription   New User   Login  
Tax Management India .com   
   TMI - Tax Management India. Com   
Cenvat credit on water treatment plant    *    LTC exemption for travelling to Sri Lanka    *    Excise Cenvat credit on Electricity Power bill    *    Applicability Of Service tax on Liquidated Damages    *    WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?    *    Companies Act, 2013-25 Key Highlights    *    status foodgrain pulses and oilseed    *    Service tax exemption for transportation of life saving medicines    *    Goods and GST Bill passed    *    CENVAT CREDIT    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    GLOW SIGN AND HOARDING    *    Regarding cenvat credit on service tax on rent a cab    *    Potato Chips as Namkeen    *    Central Excise Exemption of ₹ 150 Lakhs    *    Cenvat Credit - refund - export of services - The registration is not the sole criteria for granting refund, so long the other conditions are satisfied, refund shall be granted - Tri    *    CENVAT credit demo cars capital goods input nothing is demonstrated today that a demo car falls in any of the Chapters dealing with capital goods - credit cannot be allowed - Tri    *    Period of limitation - in case duty was required to be paid on the strips, the appellant was entitled to avail credit of duty paid on the granules, which would have neutralized the entire demand on the strips - in this Revenue neutrally background, there could be no malafide on the part of the appellant to evade duty - Tri    *    Validity of statutory provisions - Imposition of penalty on company and directors - he legislature while in view of such situation has granted discretion to the executive, at the same time, provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers - HC    *    Strengthening Our Debt Markets (Dr. Raghuram G. Rajan, Governor - August 26, 2016 - at Annual Day Address to Foreign Exchange Dealers Association of India, Mumbai)
 
Discussions Forum
Home Forum Central Excise
← Previous Next →

Sale and purchase of machine without Excise duty - Central Excise

#1 Issue Id: - 981
Dated: 20-12-2008
By:- PRAVEEN BANSAL
Sale and purchase of machine without Excise duty

  • Forum

We have purchased an old machine in year 2005 on which the supplier has not charged excise duty as he has purchased the same at the time when cenvat credit on purchase of machine was not allowed. Now we want to sold the above old machine without charging of excise duty since we have purchased the same without payment of excise duty. Is it correct or not

Post Reply

Posts / Replies

 

#2 Dated: 21-12-2008
By:- Surender Gupta
As per the scheme of Central Excise with Cenvat Credit there is no duty or amount (equal to excise duty) is payable on removal of machine on which no cenvat credit has been availed. Therefore, you are not required to charge or pay anything on account of excise duty or reversal of cenvat credit.
#3 Dated: 22-12-2008
By:- GANAPATHY RAJENDRAN
AS NO EXCISE DUTY WAS AVAILED AS CREDIT DURING THOSE DAYS, THE SALE OG THE CAPITAL GOODS SUSEQUENTLY ,IS OUT OF THE PURVIEW OF CENVAT CREDIT RULES AND THEREFORE THERE IS NO NEED TO REVERSE ANY CREDIT / DUTY
#4 Dated: 5-1-2009
By:- Shankar Patil
No Duty needs to be paid. Because u hv not take any credit secondly excise duty is payable onle when manufacture takes place (machine remains machine)

Post Reply



 

← Previous Next →
what is new what is new

Advanced Search

Latest Updates

Forum

Featured

Experts

More Options

Communication




|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map || ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version