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Excise duty applicability on sale of goods imported under ep

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 April 2013 Dear Sir
We imported capital goods (Tools) under epcg scheme. Now EO fullfilled and licence redeemed.
Now we want to sale of these tools. Excise duty will be applicable on this sale or not.

Please advise

Rgds
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
04 May 2013 Excise duty will be payable on assessable value.

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