https://www.taxtmi.com/forum/issue?id=110336 When selling old capital goods to a related unit, the quarter-by-quarter depreciation reversal under Rule 3(5A) of the CCR, 2004 is typically inapplicable for very old assets and duty should be calculated on transaction value at removal; describe the goods as scrap on documents. No chartered accountant certificate is required. If the depreciation formula produces nil duty and the asset is cleared under the same name, no additional duty is payable. Parties should record date of receipt and date of credit availed. Applicability depends on whether CENVAT credit was availed and utilised. en-us Wed, 11 May 2016 11:11:08 +0530 Thu, 23 Jan 2025 15:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110336 When selling old capital goods to a related unit, the quarter-by-quarter depreciation reversal under Rule 3(5A) of the CCR, 2004 is typically inapplicable for very old assets and duty should be calculated on transaction value at removal; describe the goods as scrap on documents. No chartered accountant certificate is required. If the depreciation formula produces nil duty and the asset is cleared under the same name, no additional duty is payable. Parties should record date of receipt and date of credit availed. Applicability depends on whether CENVAT credit was availed and utilised. Discussion-Forum Central Excise Wed, 11 May 2016 11:11:08 +0530 https://www.taxtmi.com/forum/issue?id=110336