Sfg rejections
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2014
Dear All,
We have rejections at SFG level material and which is abnormal rejection also, goods to be scrapped and to be sold to scrap dealer.
My query is that at the time of Mfg. the item we have taken the CENVAT of RM/Input Material, whether now on rejection we are liable to pay excise duty or not.
Thanks
We have rejections at SFG level material and which is abnormal rejection also, goods to be scrapped and to be sold to scrap dealer.
My query is that at the time of Mfg. the item we have taken the CENVAT of RM/Input Material, whether now on rejection we are liable to pay excise duty or not.
Thanks
CA Harshit Rastogi
(Expert)
12 August 2014
On Rejection you have to pay ED on the value on which you sold to Scrap Dealer.
For details clarification you may check Circular No. 979/03/2014-CX dated 15th Jan 2014
For details clarification you may check Circular No. 979/03/2014-CX dated 15th Jan 2014
Rupesh Jain
(Expert)
12 August 2014
you have to pay the duty as you pay when on sales of goods. if you charge the goods excise duty rS. 10 now on scrap value it is come Rs. 2 then you have to reverse the duty of Rs. 8 also.
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