duty on clearance of used compressors, Central Excise

[jagadesh kumar bhojanapalli Kumar]

Dear Sir,

We are having 100% EOU unit, may we know what will be duty is applicable on removal of used compressors where we have not availed any exemptions like (either PC or CT-3).

regards,

jagadesh kumar

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

[KASTURI SETHI]

Old and used capital goods (compressors) have to be cleared on payment of duty to be calculated at depreciated value to be worked out by way of straight line method.