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Scrap sale of old machinery

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(Querist)
24 December 2013 We are manufacturers. We are dismandling the machinery and sold as scrap. what is the tariff no & rate of duty applicable for this scrap sale? whether vat & Tcs also applicable for this? Please guide me the procedures to be followed?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
24 December 2013 Duty will be payable on scrap as per classification of scrap.
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Rupesh Jain

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Rupesh Jain (Expert)
30 May 2014 yes you have to pay excise duty and also vat as per your state rate and TCS also charge.
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