https://www.taxtmi.com/caselaws?id=212592 Ferrous waste and scrap generated from worn-out nuts, bolts, valves and similar parts used as capital goods in a factory were treated as dutiable under the tariff and the relevant section note, because waste arising from wear and tear in relation to manufacture falls within the levy even if the items are not part of the final product stream. The duty liability was therefore sustained. However, for valuation, the duty element had to be excluded from the assessable value, and the failure to quantify duty on that basis required fresh determination. The matter was remanded for reassessment and quantification of duty, giving the assessee only limited relief on valuation. en-us Tue, 05 Apr 2011 00:00:00 +0530 Tue, 17 Apr 2012 07:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212592 Ferrous waste and scrap generated from worn-out nuts, bolts, valves and similar parts used as capital goods in a factory were treated as dutiable under the tariff and the relevant section note, because waste arising from wear and tear in relation to manufacture falls within the levy even if the items are not part of the final product stream. The duty liability was therefore sustained. However, for valuation, the duty element had to be excluded from the assessable value, and the failure to quantify duty on that basis required fresh determination. The matter was remanded for reassessment and quantification of duty, giving the assessee only limited relief on valuation. Case-Laws Central Excise Tue, 05 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212592