We have purchased capital goods under EPCG scheme from Domestic market during 2006-07.
We have received capital goods from Domestic parties with excise duty under EPCG scheme, and we have taken Terminal Excise Duty (TED) refund from DGFT. No Cenvat credit taken.
Our Export obligation completed, EPCG license also redeemed and Bond cancellation already made.
Now we wants to transfer these machine to our another group company.
Please let me know if there is Excise Duty payment to be made on transferring these capital goods.