Waste generated at the end of Job worker/processor
This query is : Resolved
Rajeev Nair
(Querist)
12 December 2008
Dear Experts,
Most of the intermediates for our production purpose is being done by processors/job workers and the raw materials used are Non-excisable minerals/earth minerals
Now the case is while importing such materials we are not paying any excise as they are non-excisable commodity-
The process loss/wastage is around 58% at the end of the processor- in this case is it required to pay excise duty of the generated waste, the waste is neither returnable nor sell able.
Most of the intermediates for our production purpose is being done by processors/job workers and the raw materials used are Non-excisable minerals/earth minerals
Now the case is while importing such materials we are not paying any excise as they are non-excisable commodity-
The process loss/wastage is around 58% at the end of the processor- in this case is it required to pay excise duty of the generated waste, the waste is neither returnable nor sell able.
13 December 2008
Hi Nair,
How you are treating this wastage in your book of accounts...?
How you are treating this wastage in your book of accounts...?
Rajeev Nair
(Querist)
13 December 2008
Thanks for the response Sreenath-
We have not started the process yet, problem is that after process we will be getting 58% of usable material rest 42% is waste generated and thrown out with water which not quantifiable.
We have not started the process yet, problem is that after process we will be getting 58% of usable material rest 42% is waste generated and thrown out with water which not quantifiable.
Rajeev Nair
(Querist)
13 December 2008
Thanks for the response Sreenath-
We have not started the process yet, problem is that after process we will be getting 58% of usable material rest 42% is waste generated and thrown out with water which not quantifiable.
We have not started the process yet, problem is that after process we will be getting 58% of usable material rest 42% is waste generated and thrown out with water which not quantifiable.
Rajesh Kumar
(Expert)
11 February 2009
In that case no duty is payable on such waste. Further, there is no need that such waste should return t your factory.
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