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excise duty on sale of old machinery

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(Querist)
09 February 2010 I would like to know the applicability of excise duty on sale of old domestic machinery?
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CA Amit Kumar Hallen

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CA Amit Kumar Hallen (Expert)
09 February 2010 no, there is no excise duty on sale of old domestic machine.
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Nazir

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Nazir (Expert)
09 February 2010 VAT will attract..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 February 2010 Yes. VAT is applicable
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
09 February 2010 no excise dutu will be attrcat but VAT will be applicable.
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Lekh Sood

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Lekh Sood (Expert)
23 February 2010 If the cenvat credit was taken on the machine then you have to reverse the cenvat credit after calculating 10% reduction in reversal for every year of usage.
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Lekh Sood

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Lekh Sood (Expert)
23 February 2010 If the cenvat credit was taken on the machine then you have to reverse the cenvat credit after calculating 10% reduction in reversal for every year of usage.
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