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

CA Harshit Rastogi

CA Harshit Rastogi (Expert)
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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

Rupesh Jain

Rupesh Jain (Expert)
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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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