https://www.taxtmi.com/article/detailed?id=5520 Section 206C's Explanation (b) defines scrap as waste and scrap from manufacture or mechanical working that is definitely not usable as such due to breakage, cutting up, wear or similar reasons. The definition requires a nexus with manufacturing/mechanical working and a beyond doubt non usability in its existing state. Whether an item is scrap is contextual: if purchasers use the item as raw material or a by product, it is not scrap and TCS under Section 206C should not apply. en-us Wed, 12 Mar 2014 06:53:50 +0530 Wed, 12 Mar 2014 06:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5520 Section 206C's Explanation (b) defines scrap as waste and scrap from manufacture or mechanical working that is definitely not usable as such due to breakage, cutting up, wear or similar reasons. The definition requires a nexus with manufacturing/mechanical working and a beyond doubt non usability in its existing state. Whether an item is scrap is contextual: if purchasers use the item as raw material or a by product, it is not scrap and TCS under Section 206C should not apply. Articles Income Tax Wed, 12 Mar 2014 06:53:50 +0530 https://www.taxtmi.com/article/detailed?id=5520