Excise Matter Textile - Urgent

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Service
48 Points Joined May 2008

 

We are manufacture of "POLYESTER TEXTURISED YARN" falling under CSH No. "54023300" and we are opting Exemption Notification No. 30/2004-CE dated 09/07/2004.During the cource of manufacturing "POLYESTER TEXTURISED YARN WASTE" falling under CSH No. "55051090" generate.

Q-1.       We cleared our Final Goods"POLYESTER TEXTURISED YARN" at Nil Rate of duty but at                   what rate we cleared our by product "POLYESTER TEXTURISED YARN WASTE" wather it                 at nil rate of duty or dutiable and if Nil Rate of duty Why?

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On 10 February 2010 at 06:48 Report
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CA
433 Points Joined September 2009

Acc to Excise Act, for dutiability of waste & scap, the final product must be dutiable. In ur case, since the final product is dutiable, then the waste is also dutiable. When u send the main product at the nil rate, then its waste is also to be sold by levying nil rate.

 

Suggestions from experts r welcome.

rgds

Shikha

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On 10 February 2010 at 12:39
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Advocate- Tax
7806 Points Joined December 2008

Shikha is right. No duty is required to be paid on waste. Refer to exemption notification 89/95 dated 18.05.1995.

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On 11 February 2010 at 10:54


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