Dear Experts,
Is it compulsory for maintain record of scrap weightment even it is inside the factory.
Thanks
Arun Kumar Singh
(GST Advocate)
(15203 Points)
Replied 13 January 2013
Yes, it is mandatory to maintain the records of scrap. Scrap will be cleared from factory with payment of duty.
Ram kr.
(Buisness)
(883 Points)
Replied 13 January 2013
I mean weightment of scrap outside the factory and weight of scrap inside factory and permission from excise department for weightment outside the factory.
Arun Kumar Singh
(GST Advocate)
(15203 Points)
Replied 13 January 2013
No need to permission if you have to remove the scrap with payment of duty on assessable value of the scrap.
satya
(Executive Excise)
(1839 Points)
Replied 15 January 2013
subhash
(exports manager)
(21 Points)
Replied 16 January 2013
Can you please confirm whether Vat is applicable on sale of SCRAP, where we have paid duty 10+12+3+3+4
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 16 January 2013
Your question is not clear.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
