Duty payable on scrap
This query is : Resolved
Querist : Anonymous
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.
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.
01 November 2014
excise duty will be payable under the head of steel scrap on transaction value of the scrap.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
- GST ASMT-10 time extension query
Trending Online Classes
CAclubindia
