29 April 2009
our main product is pig iron and skull also we are generating many type of auxelry like chips, goli etc and our by product is granulated slag and ungranulated slag.
mention here with product description for your reference :
Pig iron : Primary form of iron (CI) manufacturing by using iron ore and other fluxes with lam coke Skull : Subsequent material of iron generating during pouring of liquidmetal in to the pig casing machine Auxiliary : Generating from stock yard by magnetic separation and screening Slag : Remaining material after recovered iron contain from raw materials
we would like to get opinion form you that theTCS collection is applicable for sales of above products or not, if it is applicable then please provide us rate of collection as we can charged the same in our invoices.
30 April 2009
Explanation (b) of Section 206C defines scrap. your product on the face of it does not respond to the definition of scrap, and hence prima facie TCS is not applicable. However, you are advised to get the issue examined professionally.
CAclubindia
