https://www.taxtmi.com/caselaws?id=95738 The Tribunal upheld the exemption for runners and risers from excise duty under notification No. 49/97-CE, considering them as waste and scrap arising during the manufacture of ingots in an induction furnace unit. Despite arguments by Revenue that these materials do not qualify as waste and scrap, the Tribunal emphasized the broad scope of the exemption and the specific nature of runners and risers in the manufacturing process. Previous decisions and the use of these materials for melting and production of steel ingots supported their classification as waste and scrap, leading to the rejection of Revenue's appeals. en-us Tue, 26 Sep 2000 00:00:00 +0530 Wed, 14 Dec 2011 16:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95738 The Tribunal upheld the exemption for runners and risers from excise duty under notification No. 49/97-CE, considering them as waste and scrap arising during the manufacture of ingots in an induction furnace unit. Despite arguments by Revenue that these materials do not qualify as waste and scrap, the Tribunal emphasized the broad scope of the exemption and the specific nature of runners and risers in the manufacturing process. Previous decisions and the use of these materials for melting and production of steel ingots supported their classification as waste and scrap, leading to the rejection of Revenue's appeals. Case-Laws Central Excise Tue, 26 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95738