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
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.
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