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Excise duty on capital goods after used.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2013 What will be liability when capital goods are transferred or removed from the factory as such after being used on which CENVAT was taken?
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@VaibhavJ

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@VaibhavJ (Expert)
31 December 2013 Hi

In that case CENVAT availed/utilsed is to be reversed pro-rata.


http://wirc-icai.org/wirc_referencer/indirect%20tax/Cenvat%20Credit%20Rules.htm


Thanks

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