https://www.taxtmi.com/caselaws?id=116077 The appeal was allowed as a remand, with detailed analysis provided for valuation disputes, deductions for liability expenses and sales tax, Modvat credit eligibility, and limitation on demands. The judgment upheld denial of credit on aluminum foil and paper scrap due to waste but rejected the denial of Modvat credit on inputs used in reprocessing. The imposition of penalty and interest was discussed, concluding they cannot be imposed retroactively. The matter was remitted for redetermination of duty, leaving the issue of time bar open for further proceedings. en-us Fri, 05 Nov 2004 00:00:00 +0530 Thu, 07 Jun 2012 10:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116077 The appeal was allowed as a remand, with detailed analysis provided for valuation disputes, deductions for liability expenses and sales tax, Modvat credit eligibility, and limitation on demands. The judgment upheld denial of credit on aluminum foil and paper scrap due to waste but rejected the denial of Modvat credit on inputs used in reprocessing. The imposition of penalty and interest was discussed, concluding they cannot be imposed retroactively. The matter was remitted for redetermination of duty, leaving the issue of time bar open for further proceedings. Case-Laws Central Excise Fri, 05 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116077