https://www.taxtmi.com/caselaws?id=116588 Waste yarn arising during texturising of base yarn was treated by the authorities as an assumed manufacturing loss and used to support a short-levy demand. The Tribunal held that, on the adjudication findings, the material was waste of base yarn and that waste yarn remained exempt during the relevant period. On that basis, no excise duty was payable and the demand could not be sustained. The Tribunal followed its earlier view that exempt waste yarn cannot be subjected to duty demand, and consequential relief followed. en-us Tue, 13 Sep 2005 00:00:00 +0530 Wed, 13 Jun 2012 17:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116588 Waste yarn arising during texturising of base yarn was treated by the authorities as an assumed manufacturing loss and used to support a short-levy demand. The Tribunal held that, on the adjudication findings, the material was waste of base yarn and that waste yarn remained exempt during the relevant period. On that basis, no excise duty was payable and the demand could not be sustained. The Tribunal followed its earlier view that exempt waste yarn cannot be subjected to duty demand, and consequential relief followed. Case-Laws Central Excise Tue, 13 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116588