If the capital goods are cleared as Waste and Scrap, the manufacturer shall pay an amount equal to

the duty leviable on transaction value.

The buyer will be able to take credit of such amount

 

(clause (b) of sub-rule (5A) as read with rule 3(6))

  1. Indirect Tax
  2. Cenvat Credit
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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