https://www.taxtmi.com/caselaws?id=124430 Duty and interest were held payable on waste and scrap cleared without invoice where the scrap arose from capital goods on which credit had been taken, because the record and verification materials supported that conclusion and the clearances were not disclosed to the department. The longer limitation period was upheld on the basis of such nondisclosure, but the penalty was reduced because the goods were scrap arising from capital goods rather than manufactured final products. The appeal succeeded only to the limited extent of penalty reduction, while the substantive duty and interest demand remained intact. en-us Mon, 04 Aug 2008 00:00:00 +0530 Sat, 29 Sep 2012 12:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124430 Duty and interest were held payable on waste and scrap cleared without invoice where the scrap arose from capital goods on which credit had been taken, because the record and verification materials supported that conclusion and the clearances were not disclosed to the department. The longer limitation period was upheld on the basis of such nondisclosure, but the penalty was reduced because the goods were scrap arising from capital goods rather than manufactured final products. The appeal succeeded only to the limited extent of penalty reduction, while the substantive duty and interest demand remained intact. Case-Laws Central Excise Mon, 04 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124430