https://www.taxtmi.com/forum/issue?id=5395 Sale of used capital goods requires the seller to calculate both a periodic cenvat credit reversal and excise duty on the transaction value and remit the higher liability. Machinery older than ten years is generally taxed on transaction value with excise payable and the purchaser may claim cenvat credit on that duty. Purchasers can avail credit of duty reversed or charged, subject to normal credit eligibility rules. en-us Sat, 09 Mar 2013 23:24:10 +0530 Thu, 23 Jan 2025 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5395 Sale of used capital goods requires the seller to calculate both a periodic cenvat credit reversal and excise duty on the transaction value and remit the higher liability. Machinery older than ten years is generally taxed on transaction value with excise payable and the purchaser may claim cenvat credit on that duty. Purchasers can avail credit of duty reversed or charged, subject to normal credit eligibility rules. Discussion-Forum Central Excise Sat, 09 Mar 2013 23:24:10 +0530 https://www.taxtmi.com/forum/issue?id=5395