https://www.taxtmi.com/caselaws?id=74863 Tariff classification of side cutter knives, front cutter knives and scrap cutting punches depends on their essential function and actual use rather than their trade description. As die inserts in a blanking press assembly performing metal-sheet cutting, they fall under Tariff Item 51-A(iii), not 51-A(iv). Goods under Item 51-A(iii) consumed within the factory of production qualify for the captive-consumption exemption under Notification No. 321/77-C.E. The exemption applies to identified captively consumed goods, while the extent of any further captive consumption requires verification during duty recomputation. en-us Tue, 02 Jun 1987 00:00:00 +0530 Mon, 13 Jun 2011 10:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74863 Tariff classification of side cutter knives, front cutter knives and scrap cutting punches depends on their essential function and actual use rather than their trade description. As die inserts in a blanking press assembly performing metal-sheet cutting, they fall under Tariff Item 51-A(iii), not 51-A(iv). Goods under Item 51-A(iii) consumed within the factory of production qualify for the captive-consumption exemption under Notification No. 321/77-C.E. The exemption applies to identified captively consumed goods, while the extent of any further captive consumption requires verification during duty recomputation. Case-Laws Central Excise Tue, 02 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74863