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Molasses and bagasse sales exempt from TCS; not considered scrap under Explanation (b) to section 206C of Income Tax Act.
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....Applicability of TCS provisions - Selling of Molasses and bagasses – Molasses is not a waste or scrap and cannot be used as such - It does not fall within the meaning of scrap as defined in Explanation (b) to section 206C - AT....
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