Excise duty on used oils sold as scrap
This query is : Resolved
02 September 2014
I would like to know whether excise duty is applicable if used oil are sold as scrap. Referring chapter 27 doesnt provides a clear view on whether to charge or not. But it is stated in the case between "Commissioner Of Central Excise vs Ashok Leyland Ltd. on 26 November, 2002" that excise duty need not be charged.
We are in the process of manufacturing automobile components.
Kindly clarify with any cases whether excise duty need to be charged or not.
We are in the process of manufacturing automobile components.
Kindly clarify with any cases whether excise duty need to be charged or not.
Arun Kumar Singh
(Expert)
02 September 2014
If you have taken the cenvat credit at the time of purchase of oil then you need to pay excise duty at the time of sale of scrap.
03 September 2014
Thanks.. Do you have any supporting case for it pl render
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Gratuity paid to legal heir above 20 lakh is taxable or not
- ARCA LOGIN
- RCM and same line
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
