Capital goods removal

[yateen vyas]

Sir,

If ny capital goods removed after 10 years after being used than what will be situation. Depriciation will be allowed or removal will on transaction value.Please also provide this 10 years concept As in rule 5A in my opinion this 10 years isnot available.

Rgds

Yateen vyas

[YAGAY andSUN]

On transaction value you would have to pay the central excise duty.

AI Summary

Capital goods removal taxed on transaction value, with central excise duty payable on that assessed transaction value. Removal of used capital goods after the period in question is to be assessed on transaction value, and central excise duty is payable on that transaction value; the ten year depreciation carve out under Rule 5A is not indicated as available in the forum response.