12 December 2008
Dear Experts, Most of the intermediates for our production purpose is being done by processors/job workers and the raw materials used are Non-excisable minerals/earth minerals Now the case is while importing such materials we are not paying any excise as they are non-excisable commodity- The process loss/wastage is around 58% at the end of the processor- in this case is it required to pay excise duty of the generated waste, the waste is neither returnable nor sell able.
13 December 2008
Thanks for the response Sreenath- We have not started the process yet, problem is that after process we will be getting 58% of usable material rest 42% is waste generated and thrown out with water which not quantifiable.
13 December 2008
Thanks for the response Sreenath- We have not started the process yet, problem is that after process we will be getting 58% of usable material rest 42% is waste generated and thrown out with water which not quantifiable.
CAclubindia
