removal of capital goods as such

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Lochsrisang (Querist)
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27 May 2010 Can a manufacturer sell/remove capital goods (tools) as such or used to different vendor. Eg. some inserts are bought to manufacture x components from y vendor. this insert is not usable by us at present, hence needs to sell the same to person intend (z) to purchase. Can we sell.

Guest

Guest (Expert)

27 May 2010 ya but CENVAT availed on that should be paid. You have to pay all the CENVAIT if goods have not been used.

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Lochsrisang

Lochsrisang (Querist)
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27 May 2010 We are not registered to sell the tools (like trading)in Excise/Vat Registration. Even then can we sell the unused tools procured from x vendor to z vendor.

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Guest

Guest (Expert)

27 May 2010 you have first write a application to excise authority, they will see all the details and will guide you, but i think you can sell the unused tools

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