Ed not paid on sale of machine (input credit no taken)
This query is : Resolved
03 December 2013
Dear experts,
we have purchased machine in 1990 and we have not taken the cenvat credit.
now we sold the machine without excise duty since we have not availed input credit.
my question is can we pay excise duty or not ? sine we have not taken the credit
requesting you to clarify we have to sell with ed ot without ed ?
Regards
Wasim Ahmed
09632149088
we have purchased machine in 1990 and we have not taken the cenvat credit.
now we sold the machine without excise duty since we have not availed input credit.
my question is can we pay excise duty or not ? sine we have not taken the credit
requesting you to clarify we have to sell with ed ot without ed ?
Regards
Wasim Ahmed
09632149088
04 December 2013
If you have not taken the cenvat credit at the time of purchase of machine then no need to pay duty at the time of sale.
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