Sir , Shall we remove the 'damaged/life expired /material which cannot be used for future projects' -raw-materials/ inputs from stock with payment of Excise duty on its actual cost+margin. [same as home consumption rule].Kindly guide.

If cenvat credit has been taken for the said raw materials/inputs you can remove the same under rule 3(5) of cenvat credit rules 2004 paying an amount equal to creit availed. If credit is not taken and sold as scrap you may pay duty on value received.