TaxTMI 
TaxTMI 
selling of used oil
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....elling of used oil<br> Query (Issue) Started By: - Tejas Gandhi Dated:- 30-5-2015 Last Reply Date:- 1-6-2015 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Sir, We bought fresh oil from some....
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.... vendor on excise invoice . we have taken cenvat credit on fresh oil and it is used in hydraulic system, Equipment & gear box for operation for equipment maintenance. After during this process generat....
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....e used oil. It is not manufacturing process. This generated used oil we want to sales to customer so that in invoice whether charged Excise duty or not ? Kindly need your suggestion. Reply By Rajag....
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....opalan Ranganathan: The Reply: Sir, No manufacturer of excisable goods will consciously manufacture waste. Therefore used oil is a waste product. Hence it is not excisable and dutiable. However from....
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.... 1.3.2015 vide Notification No.6/2015-CE (NT) dated 1.3.2015 non excisable goods are also exempted goods. Therefore you have to pay 6% of the price charged for such waste oil in lieu of the credit tak....
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....en on fresh oil.<br> Discussion Forum - Knowledge Sharing ....