Query in excise-please help

While replying please keep this in mind

That waste here is movable and marketable hence it is good

Moreover it is an excisable good i.e. given in tariff

Hence question is not about levy

IT IS ABOUT VALUATION....

Since goods are not sold by the manufacturer, Section 4 will not apply. Rather, Rule 8 of Valuation Rule 2000 will apply, as scrap is used by manufacturer in further process, accordingly it should be valued at 110% of cost of production of scrap.

But here waste is not used for further processing then which rule will apply ....i think rule 4 of nearest TV can be applied 

Please reply

Suggestions required

Rule 4 will not apply only for the reason that the goods being manufactured are not being sold by the manufacturer. Please read rule 4.

If the goods are not sold then what is it used for?

Dear all

Scrap having its own valuation.

Scarp or waste generated will be disposed off with payment of duty as per HS  code - Duty applicable or else sent for conversion on duty paymnet  &  will receive back after conversion with dutiable clearence from job worker.

if it show in closing stock  it  will be accounted  with  dutiable goods  with  accounting treatment  (passing a Journal  duty payable) 

For valuation it is deicided local market valuation  or based on commody auctioned 

if it sold and cleared on payment of duty  need to apply transctional value