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Excise duty on capital assets

This query is : Resolved 
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(Querist)
25 June 2013 We have purchased a machine from non-excisable unit in Rs 4.7 Lacs in Nov-2012.

Now, today we want to sale the same in Rs. 5.1 Lacs. We, excisable & manufacturing unit.

Should we impose excise duty @ 12.36% on this transaction?

please advise.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
25 June 2013 No need to pay excise duty if you have purchase that goods from non-excisable unit.

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