sales of asset

This query is : Resolved 

13 February 2009 hi i am kumar working in a manufacturing unit i have one doubt. incase of sale of any fixed asset its necessary to pay excise duty or any other duty & also its mandatory to prepare any invoice for that pls clarify my doubt and send your suggestion...
Thanks & Regards
Kumar.M

15 February 2009 no excise duty is payable on sale of fixed assets.



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