https://www.taxtmi.com/caselaws?id=83872 The note examines whether Solvent 75, given its indeterminate composition, should be treated as waste or a by-product for purposes of eligibility to money credit under Rule 57M(1), and whether the limitation framework in Section 11A of the Central Excises and Salt Act, 1944 applies to disallowance of money credit under Rule 57P. It records that both issues were treated as questions of law, since the character of the product affected credit entitlement and the reach of the limitation provision raised an interpretative issue. The matter was therefore referred to the High Court for advice in favour of the assessee. en-us Tue, 20 Dec 1994 00:00:00 +0530 Mon, 18 Jul 2011 14:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83872 The note examines whether Solvent 75, given its indeterminate composition, should be treated as waste or a by-product for purposes of eligibility to money credit under Rule 57M(1), and whether the limitation framework in Section 11A of the Central Excises and Salt Act, 1944 applies to disallowance of money credit under Rule 57P. It records that both issues were treated as questions of law, since the character of the product affected credit entitlement and the reach of the limitation provision raised an interpretative issue. The matter was therefore referred to the High Court for advice in favour of the assessee. Case-Laws Central Excise Tue, 20 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83872