Make a Scrap of Finished Products
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2010
Dear all,
We want to convert our one finish product in to Scrap. So want procedure we have to follow for Excise.
Best Regards.
Anand
We want to convert our one finish product in to Scrap. So want procedure we have to follow for Excise.
Best Regards.
Anand
21 April 2010
Basically the excise duty is levied on manufcaturing activity. When the finish goods were emerged that was a result of manufacturing. Now converting into scrap is not manufacturing. So there is no procedure because scrap is also marketable and liable to fetch a value. What so ever value it carrys, that is liable to duty.
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2010
Dear Mr.Sanjay,
Thanks for you favour.
Warm Regards
Anand
Thanks for you favour.
Warm Regards
Anand
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