GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

Scrapped Steel Sale Excise Duty

Central Excise - Started By: - george thomas - Dated:- 5-4-2016 Last Replied Date:- 6-4-2016 - Dear SirWe are doing manufacturing and trading of Edible Oil .We leased out land from Chennai Port and construct Storage Tank.Now we want to sell scrapped steel to one steel company.Plz advise excise duty is applicable or not for such sale ? - Reply By Rajagopalan Ranganathan - The Reply = Sir,Only you have availed the duty paid on the tank as credit, you have to sell the tank after reversing the credi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

remises. If you have not availed any credit, and selling the dismantled scrap of tank, you need not pay any duty since the said scrap is not generated in the course of manufacture of your final Products.Best RegardsSuryanarayana - Reply By KASTURI SETHI - The Reply = Sh.Surya Narayana Ji, Thanks for detailed reply, Sir. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Thomas,As far as I have understand that on leased land at Chennai Port, Storage Tank has been constructed (for storage of edi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

20-7-2017 GST CESS Rate

19-7-2017 IT

19-7-2017 IT

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

12-7-2017 CGST Rate

More Notifications


Latest Circulars:

19-7-2017 Goods and Services Tax

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

13-7-2017 Central Excise

13-7-2017 Customs

12-7-2017 Goods and Services Tax

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version