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Non-excisable products from ship dismantling not considered 'scrap' u/s 206C for TCS purposes.
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....TCS u/s 206C - sale of 'scrap' of arising on dismantling of ships - the non-excisable products are obtained from the ships and sold as it is without undergoing any manufacturing process thereon and the same therefore cannot partake the character of scrap within the meaning of section 206C. - AT....
TaxTMI
TaxTMI