https://www.taxtmi.com/caselaws?id=1527 Solvent 75 was treated as neither waste nor a by-product because it emerged during manufacture with market value and required substantial further processing and additives before it could be brought to a marketable form; a product is a by-product only where only minor further treatment is needed. The Court also held that the limitation in Section 11A of the Central Excise Act could not be read into Rule 57P, because Rule 57P governs wrongful credit and its adjustment or recovery, while Section 11A concerns recovery of duty not levied, not paid, short levied, short paid, or erroneously refunded. Both points were resolved in favour of the Revenue. en-us Mon, 30 Apr 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1527 Solvent 75 was treated as neither waste nor a by-product because it emerged during manufacture with market value and required substantial further processing and additives before it could be brought to a marketable form; a product is a by-product only where only minor further treatment is needed. The Court also held that the limitation in Section 11A of the Central Excise Act could not be read into Rule 57P, because Rule 57P governs wrongful credit and its adjustment or recovery, while Section 11A concerns recovery of duty not levied, not paid, short levied, short paid, or erroneously refunded. Both points were resolved in favour of the Revenue. Case-Laws Central Excise Mon, 30 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1527