I reg excise dept. I purchase the machinery last FY 2008-09 inclusive of excise + sale tax, but machinery capitalized on 2009-10. that particular machinery will taken deprecation in every year. This machinery sale on current year.
purchase date may 2008 and sales date aug2012. Please give me suggession.
05 August 2012
You are not clear about the question. Is the machinery purchased was for re-sale? what is the nature of manufacturing for registration under excise as you have stated that machinery was sold in current year
CAclubindia
