Cenvat in case of scrap
This query is : Resolved
jatin kapoor
(Querist)
17 September 2013
we are auto parts manufacturing company and we do job work for big groups, I want to ask whether the scrap arising from the job work done is dutiable and whether we can claim cenvat credit on capital goods, inputs etc sgainst it?
Arun Kumar Singh
(Expert)
17 September 2013
You should return the scrap to the principal manufacture.
jatin kapoor
(Expert)
17 September 2013
what if we sale that scrap?
jatin kapoor
(Expert)
17 September 2013
what if we sale that scrap?
jatin kapoor
(Expert)
17 September 2013
What if we sale scrapand issue cenvat invoice?
Arun Kumar Singh
(Expert)
18 September 2013
If you have paid the duty on scrap then no issue.
jatin kapoor
(Expert)
19 September 2013
Sir we have paid the duty but my questio is whether we can take cenvat of inputs and capital goods to reduce the liability of excise duty on scrap
Arun Kumar Singh
(Expert)
27 September 2013
Principal manufacturer are paying the duty and only they can avail the cenvat credit of duty and scrap. Jobworker can not avail the cenvat credit because they are not paying the duty.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
