Excise rule for 100% eou

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2012 100% EOU unit selling their SCRAP items, what are the duties they should put in their excise invoice? what is the invoice rule for 100% EOU ?

CA Sumat Singhal

CA Sumat Singhal (Expert)
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01 September 2012 1)5% on CD, 50% of BCD,
2)CVD 12%,
3)Edu cess on CD 3%,
4)Cenvat12% and ED and HEC for cenvat.

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2012 thanks, if we dispose the scrap items to domestic company, what are the items they can take for cenvat credit? pls advice

CA Sumat Singhal

CA Sumat Singhal (Expert)
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01 September 2012 Dear i m not updated about new calculation but u can refer rule 3 (7) of cenvat credit rules for same..

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