https://www.taxtmi.com/caselaws?id=204819 Excise duty could not be fastened on process loss arising during manufacture of copper cathode, because the permission for movement of semi-processed inputs was not intended to impose duty on such loss. The Board's circular was read as supporting the position that no duty liability arises on process loss. The condition in the permission letter was construed as covering only losses capable of being insured against, not invisible loss. On that reasoning, the duty demand and associated interest were set aside. en-us Thu, 18 Nov 2010 00:00:00 +0530 Sat, 23 Jul 2011 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204819 Excise duty could not be fastened on process loss arising during manufacture of copper cathode, because the permission for movement of semi-processed inputs was not intended to impose duty on such loss. The Board's circular was read as supporting the position that no duty liability arises on process loss. The condition in the permission letter was construed as covering only losses capable of being insured against, not invisible loss. On that reasoning, the duty demand and associated interest were set aside. Case-Laws Central Excise Thu, 18 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204819