We have imported the Excisable material in Corrugated box(Packing chagres in corrugated box is not sepretly shown in Invoice). After import the corrugated box become useless so we are selling as a scrap. Please clarify that the sell of Corrugated box as a scrap is excisable or not and also mentioned if excisable than at what rate (4% or CVD rate).
12 February 2011
First you confirm , whether the items ate marketable or not. If not marketable although there is some value , it is not a goods and excise will not apply.
We have imported the Excisable material in Corrugated box(Packing chagres in corrugated box is not sepretly shown in Invoice). After import the corrugated box become useless so we are selling as a scrap. Please clarify that the sell of Corrugated box as a scrap is excisable or not and also mentioned if excisable than at what rate (4% or CVD rate).
CAclubindia
