https://www.taxtmi.com/caselaws?id=264356 By-products arising in the refining of crude vegetable oil, including fatty acids, wax and gum, were treated as marketable commercial products and not as "waste" for exemption under Notification No. 89/95-CE. The reasoning distinguished waste as refuse or discarded material having little or no value fit only to be discarded, whereas commercially valuable by-products fell outside that description. A contrary coordinate Bench view was held incorrect, but conflicting Bench decisions and prior proceedings created sufficient doubt to warrant authoritative resolution. The issue was therefore referred to the Hon'ble President for constitution of a Larger Bench. en-us Thu, 14 May 2015 00:00:00 +0530 Thu, 25 Feb 2016 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264356 By-products arising in the refining of crude vegetable oil, including fatty acids, wax and gum, were treated as marketable commercial products and not as "waste" for exemption under Notification No. 89/95-CE. The reasoning distinguished waste as refuse or discarded material having little or no value fit only to be discarded, whereas commercially valuable by-products fell outside that description. A contrary coordinate Bench view was held incorrect, but conflicting Bench decisions and prior proceedings created sufficient doubt to warrant authoritative resolution. The issue was therefore referred to the Hon'ble President for constitution of a Larger Bench. Case-Laws Central Excise Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264356