Pramod Jain (audit manager) (28 Points)
25 November 2009Whether excise duty is payable or is to be reversed on the removal of scap for reprocessing which is again used in the manufacture of final product.
Ravi Mathur
(Service)
(130 Points)
Replied 27 November 2009
pramod,
is material will comes back to u or not? if its came back to u then send it in job work manner or u r not sure abt it then d'nt go in hectic , simply sold it with duty & whenever u got material u got more duty coz on that time scrap will become u r raw material & comes on high rate.
Swati
(CA)
(76 Points)
Replied 29 November 2009
Dear Pramod,
You need not pay excise duty on scrap generated as a result of manufacture by availing exemption under Notification No. 67/95-C.E
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
