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Excise rule for 100% eou

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Querist : Anonymous

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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 ?
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
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.
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Querist : Anonymous

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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



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CA Sumat Singhal

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CA Sumat Singhal (Expert)
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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