brmishra (Asst Manager (Excise & Taxation)) (29 Points)
19 December 2009Can any one suggest, the procedure of removal of capital goods from factory premises, without paying Excise duties for testing purpose only.
the said goods willbe back as such after tesing to principal factory.
Reetika Goel
(Qualified Chartered Accountant)
(565 Points)
Replied 20 December 2009
The capital goods can be removed from the factory for testing purposes provided an intimation to Supretendent of Central Excise about the proposed removal is taken.
Secondly, in the intimation letter it is mentioned that the goods shall be brought back in the factory as soon as testing will be complete but not later than 180 Days from the date of removal.
There is exception to this rule that Jigs, fixtures, Moulds & dies even if not brought back in the factory shall be allowed to take CENVAT.
If Capital Goods are not brought back in the factory within 180 days of removal, the manufacturer shall pay duty of excise on these goods equal to CENVAT Availed.
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