Scrap materials in Factory

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..... We are purchasing material 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 i .....

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..... f used in production and while 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 .....

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..... Reply = Dear Vinayak, You would have to reverse the CENVAT credit equivalent to the CENVAT credit availed on such materials. Regards YAGAY SUN (Management, Business Indirect Tax Consultants) .....

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..... - Reply By Ajay Raghatate - The Reply = Dear Sir, What will be the Duty liability , if we removed input as scrap , On transaction value or proportionate cenvat credit availed Thanks - Scrap mat .....

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..... erials in Factory - Query Started By: - Vinayak Burhade Dated:- 21-5-2015 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal op .....

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..... inion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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