https://www.taxtmi.com/caselaws?id=265076 Duty was not payable on base yarn said to have been lost or rendered waste during captive use in the texturising process, because the authorities had treated loss and waste as the same for duty purposes. The Tribunal applied the principle that no excise duty is attracted on waste, and relied on Modipon Ltd. on the same footing. On that basis, the alleged waste or loss of base yarn was outside duty liability, and the assessee's appeal was rightly allowed. en-us Wed, 26 Aug 2015 00:00:00 +0530 Wed, 30 Dec 2015 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265076 Duty was not payable on base yarn said to have been lost or rendered waste during captive use in the texturising process, because the authorities had treated loss and waste as the same for duty purposes. The Tribunal applied the principle that no excise duty is attracted on waste, and relied on Modipon Ltd. on the same footing. On that basis, the alleged waste or loss of base yarn was outside duty liability, and the assessee's appeal was rightly allowed. Case-Laws Central Excise Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265076