Make a Scrap of Finished Products

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 April 2010 Dear all,

We want to convert our one finish product in to Scrap. So want procedure we have to follow for Excise.

Best Regards.
Anand

21 April 2010 Basically the excise duty is levied on manufcaturing activity. When the finish goods were emerged that was a result of manufacturing. Now converting into scrap is not manufacturing. So there is no procedure because scrap is also marketable and liable to fetch a value. What so ever value it carrys, that is liable to duty.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 April 2010 Dear Mr.Sanjay,

Thanks for you favour.

Warm Regards
Anand


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