Removal of Scrap/Waste from factory after 17.03.2012

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....emoval of Scrap/Waste from factory after 17.03.2012<br> Query (Issue) Started By: - vinay wakde Dated:- 13-4-2012 Last Reply Date:- 16-4-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>We ar....

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....e receiving various capital goods & their components, spares & accessories etc against which we are taking CENVAT credit. We are receiving different types of scrap/waste (i.e. of MS/SS/Rubber items et....

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....c) from our main plant. Prior to 17.03.2012 we have paid Excise duty as per the transaction value while removing such scrap/waste from our factory under cover of Excise Invoice. Kindly suggest us the ....

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....system to maintain the account of scrap/waste which co-relates the CENVAT credit taken to satisfy the Department that duty paid /reversed by us for removal scrap/waster after 17.03.2012 is on higher s....

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....ide, in view of changes in Rule 3(5A) after Budget. Regards, VINAY Reply By ANAND SHEMBEKAR: The Reply: OK I can suggest the system for the same Thanks A M SHEMBEKAR CELL NO. 9421187122 Reply ....

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....By Pradeep Khatri: The Reply: You would have to pay the Central Excise Duty on the waste and scrap of capital goods either on scrap value or transaction value, whichever is higher.<br> Discussion For....

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