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SAC CODE - 99894 : Materials recovery (recycling) services, on a fee or contract basis
Services Accounting Codes (SAC Codes) 99894 is used for the Materials recovery (recycling) services, on a fee or contract basis under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other manufacturing services; publishing, printing and reproduction services; materials recovery services.
Explanation Of SAC CODE - 99894
This service code includes processing services of non-metal waste and scrap and of non-metal articles, whether or not used, into secondary raw material. Typical input consists of waste and scrap being sorted or unsorted but always unfit for further direct use in an industrial process, whereas the output is made fit for further processing and is to be considered then as an intermediate good. A process is required, either mechanical or chemical like
- reclaiming of rubber such as used tires to produce secondary raw material; sorting and pelleting of plastics to produce secondary raw material for tubes, flower pots, pallets and the like;
- reclaiming of chemicals from chemical waste;
- crushing, cleaning and sorting of glass;
- crushing, cleaning and sorting of other waste such as demolition waste to obtain secondary raw material
This service code does not include:
- wholesale trade services in waste and scrap including collecting, sorting, packing, dealing, etc. without an industrial process :- 996111