https://www.taxtmi.com/caselaws?id=90961 Ingot moulds cleared as scrap were not treated as exempt under Notification No. 54/86-C.E. where the notification required the moulds to be used in the factory for steel ingot manufacture and deliberately melted during or after such use. The commentary notes that incidental or negligible melting during the casting process did not satisfy that condition, so mere removal of worn-out moulds as scrap was outside the exemption. It also states that, on the plain wording of the notification, a technically equipped assessee could not claim bona fide belief to resist the extended limitation period, and the duty demand and penalty were sustained. en-us Tue, 20 Apr 1999 00:00:00 +0530 Wed, 12 Oct 2011 17:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90961 Ingot moulds cleared as scrap were not treated as exempt under Notification No. 54/86-C.E. where the notification required the moulds to be used in the factory for steel ingot manufacture and deliberately melted during or after such use. The commentary notes that incidental or negligible melting during the casting process did not satisfy that condition, so mere removal of worn-out moulds as scrap was outside the exemption. It also states that, on the plain wording of the notification, a technically equipped assessee could not claim bona fide belief to resist the extended limitation period, and the duty demand and penalty were sustained. Case-Laws Central Excise Tue, 20 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90961