https://www.taxtmi.com/caselaws?id=111805 The Tribunal held that the benefit of Notification No. 49/97-C.E. did not apply to waste and scrap of iron and steel held in stock by the company as of 1-9-1997. The waste and scrap generated during the manufacturing process of M.S. Bars was not exempted under the Notification, as it did not meet the specified conditions for exemption. Consequently, the duty demand was upheld, but no penalty was imposed as the issue revolved around the interpretation of the Notification. en-us Tue, 25 May 2004 00:00:00 +0530 Wed, 25 Apr 2012 13:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111805 The Tribunal held that the benefit of Notification No. 49/97-C.E. did not apply to waste and scrap of iron and steel held in stock by the company as of 1-9-1997. The waste and scrap generated during the manufacturing process of M.S. Bars was not exempted under the Notification, as it did not meet the specified conditions for exemption. Consequently, the duty demand was upheld, but no penalty was imposed as the issue revolved around the interpretation of the Notification. Case-Laws Central Excise Tue, 25 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111805