Capital goods removal
This query is : Resolved
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 ?
17 April 2012
Dear Sir,
I think the ABC should take the whole credit in the books then remove the capital goods as such charging the excise duty exactly the same as availed.
I think the ABC should take the whole credit in the books then remove the capital goods as such charging the excise duty exactly the same as availed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Form 26QB for TDS on property
- Is Aadhar PAN linking required for opening bank account?
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- GST Annual Returns filing due date
- Whether still royalty
- TDS NUMBER SURRENDER
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
