30 May 2012
We registered under manufacture of excise goods i.e. c.i. casting and steel ingots. we some time done by conversion of c.i. casting (coupling). The material use in steel re-rolling mill. The rolling miller send the used material (scrap c.i.casting coupling) the condition of new cast for same material. So we will liable for paid excise duty or service tax under business auxiliary service. please explain the matter and suggest for accounting view.
CAclubindia
