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TRANSFER OF CAPITAL GOODS FROM ONE STATE TO ANOTHER

Central Excise - Started By: - sunil d - Dated:- 30-1-2016 Last Replied Date:- 3-2-2016 - Dear Members,we want to transfer the capital goods (situated at Tamilnadu_ Registered under Excise ) to another site (A.P) , what are the legal procedures & compliance to be followed in order to make transfer smoothly. Is it required to Register the Premises (A.P) ?Why we want to make transfer is because of Project is over at Tamilnadu, so if we holding the Machinery there we are going to bear fixed cos .....

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e capital goods, on which CENVAT credit has been taken, are removed after being used, whether as capital goods or as scrap or waste, the manufacturer or provider of output services shall pay an amount equal to the CENVAT Credit taken on the said capital goods reduced by the percentage points calculated by straight line method as specified below for each quarter of a year or part thereof from the date of taking the CEVAT Credit, namely:- (a) for computers and computer peripherals : for each quart .....

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everything is settled. Assessee is required to reverse Cenvat Credit availed at the time of removal of Capital goods as per the formula prescribed in the abovementioned Sub Rule in both the cases when Capital Goods are cleared after being used or as waste or Scrap. But if we go through the proviso, there seems to be a problem when it says if the amount calculated as per the formula prescribed under Sub Rule (5A) is less than the amount equal to the duty leviable on transaction value, the amount .....

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s not register with the central excise. than Excise duty portaion will be your cost. and you can claim depreciation on full transfer value. - Reply By sunil d - The Reply = Thank you very much for your valuable reply.If the same goods (used) are given for lease to any party and transferred to AP site, then also same provision will apply ?? why i am asking this one means, in my opinion Removal may not include Lease .and one more thing is that any attraction of State VAT on transfer.Kindly give me .....

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