https://www.taxtmi.com/caselaws?id=85486 Rubber waste and printed rubber labels were treated as excisable products classifiable under Tariff Item 68. Applying the common parlance test, printed rubber labels were regarded in trade as labels, not printed sheets, and rubber waste followed earlier Tribunal treatment under Tariff Item 68. The notification exemption was unavailable because the value of plant and machinery had to be assessed for the industrial unit as a whole, not by separating individual machines or sections. As the admitted value exceeded the prescribed limit, Notification No. 176/77 did not apply. en-us Tue, 04 Jun 1996 00:00:00 +0530 Fri, 05 Aug 2011 12:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85486 Rubber waste and printed rubber labels were treated as excisable products classifiable under Tariff Item 68. Applying the common parlance test, printed rubber labels were regarded in trade as labels, not printed sheets, and rubber waste followed earlier Tribunal treatment under Tariff Item 68. The notification exemption was unavailable because the value of plant and machinery had to be assessed for the industrial unit as a whole, not by separating individual machines or sections. As the admitted value exceeded the prescribed limit, Notification No. 176/77 did not apply. Case-Laws Central Excise Tue, 04 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85486