https://www.taxtmi.com/circulars?id=6232 Consolidated RG-1 entries for waste and scrap must be made at the end of each day; shift accounts are unnecessary. Multiple factory storage locations may be treated as bonded store rooms where a single junk yard is not available. Storage loss is to be handled under existing instructions with remission of duty allowed within those parameters. Recycling and captive consumption are subject to applicable duty rules. Assorted scrap valuation and classification must follow Note 5 of Section XV, using the predominance-by-weight principle. en-us Tue, 03 May 1994 00:00:00 +0530 Tue, 30 Jun 2009 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6232 Consolidated RG-1 entries for waste and scrap must be made at the end of each day; shift accounts are unnecessary. Multiple factory storage locations may be treated as bonded store rooms where a single junk yard is not available. Storage loss is to be handled under existing instructions with remission of duty allowed within those parameters. Recycling and captive consumption are subject to applicable duty rules. Assorted scrap valuation and classification must follow Note 5 of Section XV, using the predominance-by-weight principle. Circulars Central Excise Tue, 03 May 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6232