Query :
Company "A" is a having coal fired power plant for exclusively own consumption of power & stream . As fly ash is not sold but sent to dumping ground, does the Finance Act 2011 impose excise duty on generation of fly ash and payment of duty on subsequent disposal with out any commercial value realisation.
Please guide with case laws , if any.
Thanks in advance
J Boonnerjee
excise duty can be imposed on the goods produced only when they have shelf life and have some market value,
get in touch with your R/O and file a declaration regarding coal ash dumping, without any value realization, this will help you to reply the quaries raised by audit team.
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