https://www.taxtmi.com/forum/issue?id=109613 Sale of used transformer oil may be taxable because the oil can remain a marketable petroleum product; contributors state excise duty is payable at the prevailing rate on disposal. Alternatively, if transformer oil is treated as capital goods and cleared as scrap, cenvat rules require payment of duty equal to that leviable on transaction value. TCS on scrap receipts is also noted as applicable. en-us Sun, 27 Dec 2015 16:33:49 +0530 Thu, 23 Jan 2025 15:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109613 Sale of used transformer oil may be taxable because the oil can remain a marketable petroleum product; contributors state excise duty is payable at the prevailing rate on disposal. Alternatively, if transformer oil is treated as capital goods and cleared as scrap, cenvat rules require payment of duty equal to that leviable on transaction value. TCS on scrap receipts is also noted as applicable. Discussion-Forum Central Excise Sun, 27 Dec 2015 16:33:49 +0530 https://www.taxtmi.com/forum/issue?id=109613