Production loss
This query is : Resolved
26 July 2015
I AM HAVING QUERY THAT PRODUCTION LOSS HOW TO PAY ( REVERS ) EXCISE DUTY ON IT.
SUPPOSE I AM HAVING RAW MATERIAL PURCHASE 100 KGS AND I AM GETTING FINISH GOODS 95 KGS SO DIFFERENCE OF 5KGS SHOULD I REVERSE CENVAT CREDIT ? OR PAY LIKE WASTE AND SCRAP
SUPPOSE I AM HAVING RAW MATERIAL PURCHASE 100 KGS AND I AM GETTING FINISH GOODS 95 KGS SO DIFFERENCE OF 5KGS SHOULD I REVERSE CENVAT CREDIT ? OR PAY LIKE WASTE AND SCRAP
Arun Kumar Singh
(Expert)
27 July 2015
Two way of the scrap either you will sale the scrap or destroy it. No need to reversed of cenvat credit.
16 August 2015
dear sir there is no steel or iron material so there is no scrap it is chemical material
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