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TCS on rubber compound scrap

This query is : Resolved 
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(Querist)
26 April 2011 Dear Sirs

Ours is a Tyre manufacturing company and our main raw material is Rubber and output is Tyres. During this manufacture, scrap is generated.

IT authority says that this scrap should be treated as Forest produce and hence TCS @ 2% to be deducted. whereas our company is collecting TCS @ 1% treating this as scrap generated out of manufacturing tyres

Kindly advise ?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
26 April 2011 TCS to be deduct on industrial scrap.its not a forest product.
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