A 100 cr sales printing press (excise not applicable on printing)
sales scrap ( an excisable product)
is duty payable on scrap sale...
Menu
Excise on scrap sale
Replies (2)
Not excisable material....hence no E D on scrap sale
The waste and scrap will not be ‘excisable goods’ unless they are specified in CETA. In Greysham v. CCE 2000(117) ELT 350 (CEGAT) it was held that waste and scrap of steel arising during manufacture is dutiable as it is marketable and specifically mentioned in tariff. If Waste and Scrap is a marketable product and mentioned in Central Excise Tariff, definitely the product is dutiable.
Sunil Kumar
Recent Topics :
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
Related Topics :
CAclubindia
