We had imported machinery for manufacturing of excisable goods, on which we have paid import duty and subsequently availed cenvat credit for the same as per cenvat credit rules, 2004. after 3 years now we want to sell that machinery to SEZ Unit (It means capital goods exported). so what will be the impact on cenvat credit availed earlier, whether it is reversible.
Please reply as early as possible.
Regards,
chirag