Scrap / Wastage arising out of the manufacturing process

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hey are specified in the tariff, and 3. They are marketable. The Cenvat credit availed can be utilised for payment of duty on waste & scrap as waste and scrap are 'final products' within the definition given in the credit rules. I. Scrap and waste should be manufactured in the course of manufacturing process: Waste and scrap generated without any process is not liable to Excise duty as waste a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ap generated by each section of the factory. Scrap of different articles must be separately accounted and accumulated. 4. In case of shortage of storage place for scraps and wastes, the manufacturer can accumulate scrap in different parts of the same factory premises after seeking permission from the assistant commissioner, or it can be accumulated in the scrap yard as indicated in the ground pla .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e finished goods already entered in daily stock account get destroyed, prior permission is required to scrap the goods so damaged, after giving proper details of the scrap of finished goods so that the department could remit the duty paid on such finished goods and impose duty on scrap if they are saleable and falls under the tariff heading. 2. Inputs becoming scrap or waste: - in case of service .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X