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

Clarification on Capital Goods Removal: Central Excise Duty to be Paid Based on Transaction Value After 10 Years (Rule 5A). A query was raised regarding the removal of capital goods after 10 years of use, questioning whether depreciation is allowed or if removal should be based on transaction value. The inquirer also sought clarification on the 10-year concept as per Rule 5A, expressing doubt about its applicability. In response, it was clarified that central excise duty must be paid based on the transaction value.