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EXCISE DUTY ON SCRAP GENERATED FROM EXCISABLE PRODUCT

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(Querist)
16 August 2010 sir...
Our Company is a manufacturing Company & We process both excisable & non excisable products. In that process, some scrap is generated. & it is difficult to bifaricate the scrap generated from excisable & non excisable productBut we sale scrap withoutexcise duty. So my query is that whether it is necessary to pass on excise duty on scrap or not? if yes at rate & in which praportion

Please reply at earliest
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
16 August 2010 Calculate Its % as (Output qty -Input qty= normal wastage)

wastage Qty /input qty %

Like 8/200% = (4)%

Excise applicable on steel scrap 10%+2%+1%

Vat applicable 4% on steel scrap.

TCS applicable 1% on Scrap
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Durga prasad Ambati

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Durga prasad Ambati (Expert)
03 May 2011 DEAR SIDDAROODHA HIREMATH SIR,

THANK YOU TO RAM AVATAR SINGH SIR,

IM AGREE WITH HIM.
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