https://www.taxtmi.com/caselaws?id=341358 Cotton waste generated during carding, combing and ginning was treated as a by-product that did not emerge as a distinct new product. Unconditionally exempt waste under Notification No. 23/2003-C.E. could not be counted within the 50% FOB value ceiling for DTA clearances under the Exim Policy, and no central excise duty was payable on such exempt clearances. The Revenue challenge therefore failed, and the demand was rejected. en-us Fri, 28 Oct 2016 00:00:00 +0530 Fri, 07 Apr 2017 08:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341358 Cotton waste generated during carding, combing and ginning was treated as a by-product that did not emerge as a distinct new product. Unconditionally exempt waste under Notification No. 23/2003-C.E. could not be counted within the 50% FOB value ceiling for DTA clearances under the Exim Policy, and no central excise duty was payable on such exempt clearances. The Revenue challenge therefore failed, and the demand was rejected. Case-Laws Central Excise Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341358