Exice on sale of scrap or wastage
This query is : Resolved
Jagdeep Singh
(Querist)
02 December 2011
1)Whether excise is leviable on sale of scrap or wastage by an unit which is registered under Central Excise Act?
Suppose a garment manufacturing unit registered under excise sells the yarn wastage or cloth wastage, whether the firm has to pay the excise duty on said sale.
2)will there be any difference if the yarn or cloth was purchased from non excise unit?
Suppose a garment manufacturing unit registered under excise sells the yarn wastage or cloth wastage, whether the firm has to pay the excise duty on said sale.
2)will there be any difference if the yarn or cloth was purchased from non excise unit?
CS GURVINDER SINGH
(Expert)
03 December 2011
for the purpose of levieng Excise Duty it is necessary that the goods must be Marketabe and have some commercial existence, merely b'coz it can sold .......not make them exciseable....
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Jagdeep Singh
(Querist)
04 December 2011
I want to know there is any tariff head under which wastage of cloth & yarn is excisable.
U S Sharma
(Expert)
15 December 2011
5201 00 20 --- Cotton, other than Indian, of all staple length kg. Nil
5202 COTTON WASTE (INCLUDING YARN WASTE AND
GARNETTED STOCK)
5202 10 00 - Yarn waste (including thread waste) kg. Nil
- Other :
5202 91 00 -- Garnetted stock kg. Nil
5202 99 00 -- Other kg. Nil
5202 COTTON WASTE (INCLUDING YARN WASTE AND
GARNETTED STOCK)
5202 10 00 - Yarn waste (including thread waste) kg. Nil
- Other :
5202 91 00 -- Garnetted stock kg. Nil
5202 99 00 -- Other kg. Nil
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Jagdeep Singh
(Querist)
15 December 2011
deleted...................................
Jagdeep Singh
(Querist)
15 December 2011
deleted..........................
Jagdeep Singh
(Querist)
15 December 2011
whether wastage generated during the garment manufacturing is excisable, if the firm is registered under chapter heading 61 & input are knitted cloth and yarn?
U S Sharma
(Expert)
15 December 2011
please post in details, not possible to reply for your piecemeal abbreviated query.
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