Waste generated during job work by an excisable manufacturer for another company registered under excise is liable to be dispossed paying liable excise duty or not ?
Second thing the material processed and sent for job work is not an excisable commodity it is earth mineral and completely exempted under excise -
Ration is 100 Kg send for Processing
Returned 58 Kg - rest - 42 Kg is waste [ It is not returned back and not quantifiable - the waste is thrown out with water after process by job worker ]
Please clarify -
CAclubindia
