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How we will debit the Excise duty if we write off.

Central Excise - Started By: - Swapneswar muduli - Dated:- 22-2-2016 Last Replied Date:- 25-2-2016 - Dear Sir,We have some stocks which we are showing in RG-1 as a closing stock from last 2 years when we doing analysis we found that these items are get absolute so these items are not going to sale in future. management decide for doing scrap these items. further some items are which are we can use these materials in our internal for making some other material.Query1) Some items are going to scra .....

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p;C Circular No. 990/14/2014-CX-8/19-11-2014 read with remission of duty Rule 21 of the Rules , 2002 (if goods are unfit by consumption for marketing) in this regard. - Reply By KASTURI SETHI - The Reply = Sh.Swapneswar muduli Ji, I endorse the reply of M/S. YAGAY AND SUN, Sirs. I intend to add something. Scrap is also a final product. If it is further used captively in the manufacture of dutiable final product, there is no problem. In case, scrap is used captively in the manufacture of exempted .....

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