Scrap sale of old machinery
This query is : Resolved
24 December 2013
We are manufacturers. We are dismandling the machinery and sold as scrap. what is the tariff no & rate of duty applicable for this scrap sale? whether vat & Tcs also applicable for this? Please guide me the procedures to be followed?
24 December 2013
Duty will be payable on scrap as per classification of scrap.
30 May 2014
yes you have to pay excise duty and also vat as per your state rate and TCS also charge.
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