07 September 2022
One of Co. dealing in manufacturing of particular product, in manufacturing process certain imported products used as raw material, now after receiving imported raw material before process and after process certain scrap is generated. before manufacturing some packing material as scrap and after process certain waste scrap generated.
what is taxability of duty in case of imported good as wastes and local goods as waste in case of they have opted for bonded warehouse? kindly guide me with section.
CAclubindia
