https://www.taxtmi.com/caselaws?id=172322 Rule 57CC of the Central Excise Rules, 1944 was considered in relation to bagasse, with the Tribunal noting prior decisions that treated bagasse as waste and not a final product. On that basis, the 8% reversal requirement was found inapplicable, so the demand and penalty confirmed on that footing could not survive. The discussion emphasises that a credit reversal provision tied to final products does not extend to a residue or waste product such as bagasse. Relief was therefore granted against the duty and penalty demand. en-us Mon, 22 Nov 2004 00:00:00 +0530 Wed, 19 Aug 2015 12:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172322 Rule 57CC of the Central Excise Rules, 1944 was considered in relation to bagasse, with the Tribunal noting prior decisions that treated bagasse as waste and not a final product. On that basis, the 8% reversal requirement was found inapplicable, so the demand and penalty confirmed on that footing could not survive. The discussion emphasises that a credit reversal provision tied to final products does not extend to a residue or waste product such as bagasse. Relief was therefore granted against the duty and penalty demand. Case-Laws Central Excise Mon, 22 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172322