A 100 cr sales printing press (excise not applicable on printing)
sales scrap ( an excisable product)
is duty payable on scrap sale...
2 Replies
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 31 March 2012
Not excisable material....hence no E D on scrap sale
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 05 April 2012
The waste and scrap will not be ‘excisable goods’ unless they are specified in CETA. In Greysham v. CCE 2000(117) ELT 350 (CEGAT) it was held that waste and scrap of steel arising during manufacture is dutiable as it is marketable and specifically mentioned in tariff. If Waste and Scrap is a marketable product and mentioned in Central Excise Tariff, definitely the product is dutiable.
Sunil Kumar
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