sales of old machinery

This query is : Resolved

pawan kumar (Querist)
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01 August 2008 please forward your valuable idea
i am going to sales our old machinery wheni am go to make sales invoice we have to deposit the Excise on it or not if yes please Guide

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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02 August 2008 Are you a manufacturing unit of products coming under excise? Did the machinery suffer excise at the time of purchase? Did you avail CENVAT on that machinery?

pawan kumar

pawan kumar (Querist)
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06 August 2008 time of input we availed the cenvat.another point we are going to make invoice basic +excise+ed+h.cess+vat+tcs
i want to know that tcs is charges after vat amount or before if aplicable the same forment. or tcs is liable on it or not if yes rate of the same

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