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Issue ID : 106139
- 0 -

Sale of Plant & Machinery for closed factory

Date 30 Sep 2013
Replies1 Answers
Views 1162 Views
Asked By

Dear Experts,

We are registered manufacturer in central excise. We have purchased a closed factory with some plant and machinery. Can we sale these plant and machinery on behalf of existing running  factory. Please tell procedure and their implication.

Thanks

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Replied on Oct 2, 2013
1.

Your query needs detailed consideration of the facts and circumstances. Is there any due or demand pending against the factory / previous owner. Whether cenvat credit has been availed on plant and machinery.

You may read section 11 of Central Excise Act to know the responsibilities as a successor.

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