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

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....ance (Department of Revenue) Central Board of Excise 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 pur....

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....made in RG-1. There need not be any shift account. (ii) As regards 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,....