about entry of sale of capital goods in ER-1.

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..... about entry of sale of capital goods in ER-1.
Query (Issue) Started By: - MEHUL ASHAR Dated:- 5-6-2012 Last Reply Date:- 9-6-2012 Central Excise
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Central Excise
Respected Sir .....

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..... , One of my clients has sold machiney(excisable)now is it necessary to show the whole amount of duty in the capital goods input as such in the ER-1 or we can part the entry in two as one part in cre .....

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..... dit & other in the PLA, is it valid or not please guide as soon as possible. Reply By Pradeep Khatri: The Reply: You may debit the required amount of duty from PLA as well as CENVAT credit account. .....

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..... It is legal to show and debit in such way. Reply By SHASHIKANT WATEKAR: The Reply: show in ER-1 , CAPITAL GOODS AS SUCH REMOVED. IN DUTY PAID SHEET.
Discussion Forum - Knowledge Sharing .....

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