https://www.taxtmi.com/caselaws?id=98951 Exemption for ferrous waste and scrap was unavailable where the common raw material had not suffered duty, because the condition precedent in the notification was not met. The demand on the scrap was therefore sustainable. However, as the duty computation depended on seized records and the correct quantity cleared could not be verified from the original records, the quantification issue required fresh examination. The penalty issue also had to be reconsidered in the de novo proceedings. The matter was remanded for fresh computation of duty and reconsideration of penalty. en-us Sat, 06 May 2000 00:00:00 +0530 Tue, 24 Jan 2012 16:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98951 Exemption for ferrous waste and scrap was unavailable where the common raw material had not suffered duty, because the condition precedent in the notification was not met. The demand on the scrap was therefore sustainable. However, as the duty computation depended on seized records and the correct quantity cleared could not be verified from the original records, the quantification issue required fresh examination. The penalty issue also had to be reconsidered in the de novo proceedings. The matter was remanded for fresh computation of duty and reconsideration of penalty. Case-Laws Central Excise Sat, 06 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98951