Central Excise - Accounting, storage and clearance of scrap of metals - Procedure regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....xcise and Customs, New Delhi Subject : Central Excise - Accounting, storage and clearance of scrap of metals - Procedure regarding. The Collector of Central Excise, Bombay-II has expressed certain doubts as to the accounting of scrap of metals and other materials arising during the course of manufacture of various excisable products, for the purpose of levy of excise duty consequent upon the chan....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bonded store room, certain adjustments have to be made in respect of waste and scrap. In place like Bombay, waste and scrap is stored within the factory premises at different places. There may not be any junk yard specifically meant for storage of waste and scrap because of shortage of space. Keeping in view the local situation, Asstt. Collector may permit storage of waste and scrap scattered at d....