https://www.taxtmi.com/forum/issue?id=109921 Excise duty arises on obsolete or scrapped closing stock; an assessee may apply for remission under Rule 21 with reversal of proportionate input credit upon permission, or opt to pay duty instead of awaiting remission. Captive use of scrap in manufacture of a dutiable final product does not attract additional duty, but use in manufacture of an exempt final product requires duty on the scrap used. The choice depends on the relative cost of duty versus reversed credit and operational considerations. en-us Mon, 22 Feb 2016 10:43:17 +0530 Thu, 23 Jan 2025 15:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109921 Excise duty arises on obsolete or scrapped closing stock; an assessee may apply for remission under Rule 21 with reversal of proportionate input credit upon permission, or opt to pay duty instead of awaiting remission. Captive use of scrap in manufacture of a dutiable final product does not attract additional duty, but use in manufacture of an exempt final product requires duty on the scrap used. The choice depends on the relative cost of duty versus reversed credit and operational considerations. Discussion-Forum Central Excise Mon, 22 Feb 2016 10:43:17 +0530 https://www.taxtmi.com/forum/issue?id=109921