https://www.taxtmi.com/caselaws?id=96352 Waste ABS polymer was held marketable because it was sold in the market and used for reprocessing, so excise duty remained payable on that basis. Its assessable value, however, had to be recomputed after allowing deduction for reprocessing cost, with the earlier allowance of Rs. 5 per kg applied in the assessee's favour. Penalty was set aside because the case involved short levy without suppression or clandestine conduct, and interest could not be sustained since it was not covered by the show cause notice. en-us Tue, 03 Apr 2001 00:00:00 +0530 Wed, 21 Dec 2011 11:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96352 Waste ABS polymer was held marketable because it was sold in the market and used for reprocessing, so excise duty remained payable on that basis. Its assessable value, however, had to be recomputed after allowing deduction for reprocessing cost, with the earlier allowance of Rs. 5 per kg applied in the assessee's favour. Penalty was set aside because the case involved short levy without suppression or clandestine conduct, and interest could not be sustained since it was not covered by the show cause notice. Case-Laws Central Excise Tue, 03 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96352