Excise Matter Textile - Urgent

706 views 2 replies

 

We are manufacture of "POLYESTER TEXTURISED YARN" falling under CSH No. "54023300" and we are opting Exemption Notification No. 30/2004-CE dated 09/07/2004.During the cource of manufacturing "POLYESTER TEXTURISED YARN WASTE" falling under CSH No. "55051090" generate.

Q-1.       We cleared our Final Goods"POLYESTER TEXTURISED YARN" at Nil Rate of duty but at                   what rate we cleared our by product "POLYESTER TEXTURISED YARN WASTE" wather it                 at nil rate of duty or dutiable and if Nil Rate of duty Why?

Replies (2)

Acc to Excise Act, for dutiability of waste & scap, the final product must be dutiable. In ur case, since the final product is dutiable, then the waste is also dutiable. When u send the main product at the nil rate, then its waste is also to be sold by levying nil rate.

 

Suggestions from experts r welcome.

rgds

Shikha

Shikha is right. No duty is required to be paid on waste. Refer to exemption notification 89/95 dated 18.05.1995.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details