E way bill for own use - value of machine

[Venkatesh Dhongadi]

A Contractor is shifting a machine from one city to another city. While doing e way bill for own use whether there is need to enter value of machine?

[Sadanand Bulbule]

Shifting a machine for own use is a movement "otherwise than by way of supply." Therefore, a delivery challan under Rule 55 must be issued and the machine's /consignment value (normally its book value or reasonable declared value) must be mentioned in the e-way bill, if it exceeds Rs. 50,000

AI Summary

Movement otherwise than by way of supply requires delivery challan and e way bill to state asset value when above threshold. Movement of a machine for own use is treated as movement otherwise than by way of supply and requires a delivery challan (per Rule 55); an e way bill must be generated and must state the machine's consignment value-generally the book value or a reasonable declared value-where the consignment exceeds the statutory valuation threshold for e way bill reporting.