Scrap materials in Factory

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....crap materials in Factory<br> Query (Issue) Started By: - Vinayak Burhade Dated:- 21-5-2015 Last Reply Date:- 23-5-2015 Central Excise<br>Got 2 Replies<br>Central Excise<br>We are purchasing material ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....in factory after duty paid. Same materials is rejected before production. Reason could be rusty, handling damage etc. Can we pay the excise duty on this scrap? Vise versa if used in production and wh....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ile making product materials rejected then can we pay the excise duty and how much. In which excise rule it is mentioned. Thanks, Vinayak. Reply By YAGAY AND SUN: The Reply: Dear Vinayak, You wo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uld have to reverse the CENVAT credit equivalent to the CENVAT credit availed on such materials. Regards YAGAY & SUN (Management, Business & Indirect Tax Consultants) Reply By Ajay Raghatate: The ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reply: Dear Sir, What will be the Duty liability , if we removed input as scrap , On transaction value or proportionate cenvat credit availed Thanks<br> Discussion Forum - Knowledge Sharing ....