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Sell value of machinary

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 October 2015 Dear Expert,


Kindly provide information abt our one working machinery sell to third party ,its already 6 years old
Now quation what is sell price (Book value), & which rate take of excise (At time purchase or exiting Rate) how can we cleared in excise book, show in ER 1, & our books of account,

Please cleared the same above


Advance Thanks & Trgards
Mahesh
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
05 October 2015 You need to pay duty on capital goods after sale quarterly reducing at the rate of 2.5% of the purchase value of the goods.

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