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Duty payable on scrap

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2014 Dear Sir/Madam,
We have a gas cylinder manufacturing unit at Kolkata. We are purchasing steel sheets form the market and availing the CENVAT Credit on it. At the time of selling the cylinder we are claiming the Excise duties form the parties. Now the problem is when we are manufacturing the cylinders same scrap is generating from that procedure. If we intend to sell the scraps in specific rate, excise duty is payable or not? Under Chapter 73.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
01 November 2014 excise duty will be payable under the head of steel scrap on transaction value of the scrap.

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