Exice on sale of scrap or wastage
This query is : Resolved
02 December 2011
1)Whether excise is leviable on sale of scrap or wastage by an unit which is registered under Central Excise Act?
Suppose a garment manufacturing unit registered under excise sells the yarn wastage or cloth wastage, whether the firm has to pay the excise duty on said sale.
2)will there be any difference if the yarn or cloth was purchased from non excise unit?
Suppose a garment manufacturing unit registered under excise sells the yarn wastage or cloth wastage, whether the firm has to pay the excise duty on said sale.
2)will there be any difference if the yarn or cloth was purchased from non excise unit?
03 December 2011
for the purpose of levieng Excise Duty it is necessary that the goods must be Marketabe and have some commercial existence, merely b'coz it can sold .......not make them exciseable....
Message likes :
1 times
04 December 2011
I want to know there is any tariff head under which wastage of cloth & yarn is excisable.
15 December 2011
5201 00 20 --- Cotton, other than Indian, of all staple length kg. Nil
5202 COTTON WASTE (INCLUDING YARN WASTE AND
GARNETTED STOCK)
5202 10 00 - Yarn waste (including thread waste) kg. Nil
- Other :
5202 91 00 -- Garnetted stock kg. Nil
5202 99 00 -- Other kg. Nil
5202 COTTON WASTE (INCLUDING YARN WASTE AND
GARNETTED STOCK)
5202 10 00 - Yarn waste (including thread waste) kg. Nil
- Other :
5202 91 00 -- Garnetted stock kg. Nil
5202 99 00 -- Other kg. Nil
Message likes :
1 times
15 December 2011
deleted...................................
15 December 2011
deleted..........................
15 December 2011
whether wastage generated during the garment manufacturing is excisable, if the firm is registered under chapter heading 61 & input are knitted cloth and yarn?
15 December 2011
please post in details, not possible to reply for your piecemeal abbreviated query.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
