TMI BlogRejected GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... We have purchased some old machine (Capital Goods) from our customer and after taken as input avail cenvat credit. After modification in the same machine can we sell to our other customer mentionin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g same machine name which we have taken as input. - Reply By KASTURI SETHI - The Reply = Yes. You will have to pay full Central Excise duty treating it as a new product on transaction value.Be serio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... us about valuation of the machinery. Transaction value should not be reduced treating it being old machinery. It appears to me that you have not followed procedure laid down under Rule 16 A , 16 B , ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16 C of Central Excise Rules,2002 . Deptt. is concerned with full duty otherwise audit objection would be raised. - Rejected Goods - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 15-12-2015 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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