https://www.taxtmi.com/caselaws?id=334411 The Tribunal allowed the appeal, setting aside the duty confirmation and penalty imposed on the appellant manufacturer of glazed ceramics and vitrified tiles. The Tribunal held that the machines were not to be treated as waste and scrap solely based on the invoice description and that the price received on the sale did not qualify as scrap value. Considering the 40 quarters of use, the appellant was entitled to 100% depreciation under Rule 3 (5), resulting in the reversal of the demand for excise duty. en-us Thu, 28 Apr 2016 00:00:00 +0530 Wed, 04 Jan 2017 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334411 The Tribunal allowed the appeal, setting aside the duty confirmation and penalty imposed on the appellant manufacturer of glazed ceramics and vitrified tiles. The Tribunal held that the machines were not to be treated as waste and scrap solely based on the invoice description and that the price received on the sale did not qualify as scrap value. Considering the 40 quarters of use, the appellant was entitled to 100% depreciation under Rule 3 (5), resulting in the reversal of the demand for excise duty. Case-Laws Central Excise Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334411