selling of used oil

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..... Dear Sir, We bought fresh oil from some 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 mainte .....

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..... nance. After during this process generate 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 ? .....

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..... Kindly need your suggestion. - Reply By Rajagopalan Ranganathan - The Reply = Sir, No manufacturer of excisable goods will consciously manufacture waste. Therefore used oil is a waste product .....

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..... . Hence it is not excisable and dutiable. However from 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 pr .....

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..... ice charged for such waste oil in lieu of the credit taken on fresh oil. - selling of used oil - Query Started By: - Tejas Gandhi Dated:- 30-5-2015 Central Excise - Got 1 Reply - Central Excise - .....

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..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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