Excise notification required for capital goods for sale

This query is : Resolved

Shiv (Querist)
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25 May 2011 Machinery purchase dt 21.4.2011
Sold dt 23.5.2011
Excise duty should be charged same as per purchase value or reduce rate proportion to month.
what's the assessable value ?
should it deals as dealer sale while we are manufacturer?
should i Deduct depreciation for find our assessable value?

U S Sharma

U S Sharma (Expert)
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25 May 2011 as no complete quarter has been passed, no depriciation benefit

you have to take 100% credit and reverse 100% credit in this case.

no value dedcuction.