https://www.taxtmi.com/caselaws?id=87253 MS sheet cuttings used in the manufacture of MS ingots were examined under Government of India orders granting deemed credit on "steel sheets" of specified thickness. The text explains that although cuttings may loosely resemble sheets, they lose that character once used as cuttings for melting and further conversion into ingots. On that basis, the deemed credit and exemption scheme could not be extended to the cuttings, and they were treated as waste and scrap rather than eligible steel sheets. en-us Tue, 26 Aug 1997 00:00:00 +0530 Sat, 03 Sep 2011 17:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87253 MS sheet cuttings used in the manufacture of MS ingots were examined under Government of India orders granting deemed credit on "steel sheets" of specified thickness. The text explains that although cuttings may loosely resemble sheets, they lose that character once used as cuttings for melting and further conversion into ingots. On that basis, the deemed credit and exemption scheme could not be extended to the cuttings, and they were treated as waste and scrap rather than eligible steel sheets. Case-Laws Central Excise Tue, 26 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87253