Sale of machinery imported under EPCG-Duty applicability

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..... Dear Expert We imported machinery under EPCG authorisation. Export obligation had already fulfilled and EODC also granted by DGFT. Bond had also cancelled from Customs. Now we want to sell it. Can excise duty is applicable on it ?? - Reply By Himansu Sha - The Reply = After certain period you can sell it. But this condition will not be applicable if cleared to a group company. Perhaps the .....

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..... period is three years. - Reply By Sanjay Kumar - The Reply = Since export obligation is completed you can sell it with all applicable duties. - Reply By MUKUND THAKKAR - The Reply = yes what ever duty elements you enjoying during time of import you need to pay as per capital goods clearance as such. Rule 3 (5) When the inputs or capital goods , on which CENVAT Credit has been taken, ar .....

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..... e removed as such , the manufacturer or the service provider is required to pay an amount equal to the credit availed in respect of such inputs or capital goods . in your case you are not taken credit but forgone the same by way of EPCG authorisation. - Reply By Narendra Soni - The Reply = Dear Sir, The capital goods are not removing as such. These are removing after use. Now please s .....

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..... uggest your view of duty impact on sale of such machinery imported without payment of duty in EPCG. - Sale of machinery imported under EPCG-Duty applicability - Query Started By: - Narendra Soni Dated:- 8-4-2017 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagem .....

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..... ent - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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