Dear Friends,
Please answer one queary.
whether duty will be reversed on export sale of used capital goods? if yes, then please provide me notification or circular or case law.
thanks in advance.
CA. A. K. GUPTA (HOD (Accounts Dept)) (1426 Points)
08 January 2015Dear Friends,
Please answer one queary.
whether duty will be reversed on export sale of used capital goods? if yes, then please provide me notification or circular or case law.
thanks in advance.
PRADEEP REDDY
(CHARTERED ACCOUNTANT)
(664 Points)
Replied 10 January 2015
Dear Mr.Gupta,
Export of used capital goods requires the reversal of cenvat credit availed on the same.This was confirmed by the tribunal in the follwing case.
2010-TIOL-1455-CESTAT-MUM