Declaration in form 27C

I purchased scrap in March 2020 and gave declaration in form 27C that i am purchasing this scrap for manufacturing purpose and not for trading and hence no requirement of TCS. Now i want to sell this scrap to another party. Therefor if i sell it to another party declaration which i gave will be wrong.

Please suggest me in above matter.

Replies (2)
Quick Summary
You purchased scrap in March 2020, providing a Form 27C declaration stating it was for manufacturing purposes, not trading, to avoid TCS. Now you intend to sell this scrap to another party, who is also a manufacturer. This situation may invalidate your original declaration. Seek guidance on how to proceed correctly regarding your Form 27C and potential TCS implications when reselling the scrap.

Is the buyer manufacturer too?

Yes buyer is manufacturer

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