https://www.taxtmi.com/caselaws?id=90485 Eligibility under an exemption notification depends on whether the goods actually answer the description of the notified inputs, not on the absence of an exact tariff heading. Duty-paid ship-breaking scrap and other iron and steel scrap matching the notification description were therefore treated as covered, while waste and scrap under Tariff Heading 72.03 was not covered by the notification's inputs column. The separate duty-paid claim for Modvat credit on Tariff Heading 72.03 inputs was left for fresh consideration because it had not been examined below. Penal action, confiscation and redemption fine were found unwarranted on the facts and were set aside. en-us Tue, 05 May 1998 00:00:00 +0530 Fri, 07 Oct 2011 16:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90485 Eligibility under an exemption notification depends on whether the goods actually answer the description of the notified inputs, not on the absence of an exact tariff heading. Duty-paid ship-breaking scrap and other iron and steel scrap matching the notification description were therefore treated as covered, while waste and scrap under Tariff Heading 72.03 was not covered by the notification's inputs column. The separate duty-paid claim for Modvat credit on Tariff Heading 72.03 inputs was left for fresh consideration because it had not been examined below. Penal action, confiscation and redemption fine were found unwarranted on the facts and were set aside. Case-Laws Central Excise Tue, 05 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90485