C.Ex duty on Cotton Yarn Waste

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..... C.Ex duty on Cotton Yarn Waste
Query (Issue) Started By: - deepak kalambate Dated:- 6-7-2012 Last Reply Date:- 7-7-2012 Central Excise
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Central Excise
Dear Sir, Please let me .....

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..... know whether C.Ex. duty is applicable on clerances of yarn waste as C.Ex Tarriff showing NIL rate of duty (CHHD 5205) Reply By Pradeep Khatri: The Reply: Well, some case laws which were pronounced b .....

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..... y the Hon'ble Tribunals, are in you favour. But, since Excise Duty is an Indirect Tax, it better to collect the tax and deposit in the Governments account as litigation cost is always on higher side t .....

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..... han deposition of central excise duty on the nominal value of wastes and scraps. Choice is yours.
Discussion Forum - Knowledge Sharing .....

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