banner_ad

Excise duty on scrap of raw materials?

EXICSE (Legacy) 767 views 3 replies

Dear Sir,

our company is manufactured steel drums. the raw materilas supplied by our supplier as free of cost. we are fabricating the materials and manufactured drums. after manufacturing the drums, we are sending the drums  to supplier through our challan. my question is that when we sale the scrap (generated from raw materials during manufacturing drums) should we liable to pay excise duty? scrap value will be apprs. 10 lac. per year.

Thanks,

Asim Jana

Replies (3)
Yes duty has to pay on the transaction value.

Thank you very much for your advice sir. But sir I personally met to excise department and came to know that we are not liable pay excise duty on scrap due to scrap turnover below 1.5 crore in a year. This information provided to me by excise personal.

So, Sir Is there any circular or any provision for excise exemtion related to turnover below 1.5 crore on scrap sale?

Regards,

Asim Jana

irrespective of job worker turnover, the principal manufacturer has to pay duty.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details