Rule 3(5) of CCR 2004 specifically talks about the disposal of Capital goods after being used on which CCR were taken. As per Rule 3(5A) if Capital goods are disposed off as waste or Scrap; Excsie duty is to be paid on transaction value. what if Cenvat Credit were not taken on this scrap capital goods?
Menu
Excise duty on disposal of capital goods as scrap
Replies (1)
Dear sir,
If you have not taken the credit, there is no question of reversing of cenvat credit. so, you can dispose capital goods with payment of local sales taxes.
venkat @ hiregange.com
9620116162
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
