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Excise on scrap oil

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2014 Dear Sir,

We have Purchased oil (Hi lubricants) on CVD 14% SAD 4%, we have used same oil after used that oil we want to sale on scrap please suggest me rate of Excise duty on Wastage oil sale.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
04 April 2014 Yes, duty will be payable on sale of scrap.

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