09 April 2012
My question is suppose ABC is a manufacturer of plastic moulded items and it is also registered in Excise. Suppose ABC purchases a plant & machinery in Feb at Rs. 2,00,000/- + excise duty 20,600/-. ABC wants to remove that plant & machinery as such at Rs. 2,50,000/-. Will ABC charge excise duty thereon, or if yes, how he will do the billing, & how the Cenvat Credit will be availed ?
CAclubindia
