TaxTMI 
TaxTMI 
Sale of Capital Goods on which CENVAT credit availed
X X X X Extracts X X X X
X X X X Extracts X X X X
....ale of Capital Goods on which CENVAT credit availed<br> Query (Issue) Started By: - pramod biswal Dated:- 1-9-2012 Last Reply Date:- 1-9-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>What ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....is the implication of Central excise on sale of 5 yr old Capital goods on which company has already availed CENVAT credit on purchase of the same? EXP:- Book value at the time of purchase - Rs. 50 La....
X X X X Extracts X X X X
X X X X Extracts X X X X
....cs WDV as on end of the 5th year - Rs. 25 Lacs CENVAT availed- Rs. 5.15 Lacs. Now Proposed Sales Price - Rs. 28 Lacs Is it reqd. to reverse the CENVAT credit availed earlier? Or, is it reqd. to p....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ay ED on sales price? Reply By Pradeep Khatri: The Reply: CENVAT credit is required to be reversed after deducting the depreciate @ 2.5% per quarter from the amount of CENVAT credit availed on such ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....capital goods. Provided that if the amount so calculated is less than the amount equal to the duty leviable on transaction value, the amount to be paid shall be equal to th duty leviable on transactio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n value. Rule 3 (5A) of cenvat credit rule, 2004 as subsituted by Notification No. 18/2012-CE(N.T.) dated 17-03-2012. Reply By pramod biswal: The Reply: Thanks Mr. Pradeep<br> Discussion Forum - Kno....
X X X X Extracts X X X X
X X X X Extracts X X X X
....wledge Sharing ....