https://www.taxtmi.com/caselaws?id=362150 Waste arising from the manufacturing process could not be retrospectively reclassified as rejects for DTA entitlement under the EXIM Policy 1997-2002. For the relevant period, waste, scrap and remnants were treated separately, and a later amendment to the policy could not be applied to earlier clearances of poly wool waste and all wool waste. The Board circular could not expand duty liability by including waste in the computation of the 50% FOB limit. On that basis, the demand, penalty and denial of exemption under Notification No. 2/95-C.E. were held unsustainable. en-us Tue, 06 Mar 2018 00:00:00 +0530 Thu, 21 Jun 2018 06:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362150 Waste arising from the manufacturing process could not be retrospectively reclassified as rejects for DTA entitlement under the EXIM Policy 1997-2002. For the relevant period, waste, scrap and remnants were treated separately, and a later amendment to the policy could not be applied to earlier clearances of poly wool waste and all wool waste. The Board circular could not expand duty liability by including waste in the computation of the 50% FOB limit. On that basis, the demand, penalty and denial of exemption under Notification No. 2/95-C.E. were held unsustainable. Case-Laws Central Excise Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362150