9911796707
TMI BlogApplicability of excise duty on drumsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sirs, Do we need to pay Excise duty on the Drums, which we received with our inputs, while clearing them as scrap. - Reply By ram avtar singh - The Reply = You have Purchase Excisable Materials ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in drums. at the time of purchase its value added in assessable value and calculated Excise duty libility and you have taken Cenvat credit. so when you clearing/sale this material as scrap you should ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... charge All part of Duty and Tax. - Reply By YASH SOOD - The Reply = Not correct. It has been judicially held that Excise duty is on manumactutred goods. Since 'Drums' cleared as scrap is not manufactu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red product of ur factotry, no need to pay ecise duty. - Reply By Surender Gupta - The Reply = I agree with the view of Mr. Yash Sood, you are not required to pay any duty of excise on clearnce of p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acking materials - pakcing material like empty drums in your case neither input nor manufactured product hence not liable to any duty - Reply By YASH SOOD - The Reply = Thanks Surinder Guptaji to agre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e with me. - Applicability of excise duty on drums - Query Started By: - chaganti srinivas Dated:- 8-1-2010 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
