A person uses waste scrap tyres to burn them and get oil out of that and sell that oil in the market.
Is this activity a excisable activity. If yes, under what had it should be classified?
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Applicability of excise duty
Replies (2)
For excise duty to be levied 4m's need to be satified.
Manufactured
Movable marketable and mentioned in CETA. Since oil is make out of tyre it should be excisable. To be classified under a group you need to se the CETA Headings.
Waste and scarp are not excisable as long as the manufactured commodity is excisable and waste and scarp is generated during manufacturing process.
Here oil is excisable
It will come under CET 27 Chapter.
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