https://www.taxtmi.com/caselaws?id=392808 Fly ash exemption for asbestos cement sheets was to be tested on the finished product in dry condition, ignoring moisture; on that basis, the fly ash content exceeded 25% in the relevant records, so the exemption was available except for the small admitted quantity below the threshold. For asbestos pipes, exemption was not established, but the duty had to be re-quantified after allowing cum duty price benefit and Modvat credit. Confiscation and redemption fine were unsustainable where production and stock records were maintained and no clandestine removal was proved, and the personal penalties were reduced accordingly. en-us Thu, 27 Feb 2020 00:00:00 +0530 Sat, 29 Feb 2020 06:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392808 Fly ash exemption for asbestos cement sheets was to be tested on the finished product in dry condition, ignoring moisture; on that basis, the fly ash content exceeded 25% in the relevant records, so the exemption was available except for the small admitted quantity below the threshold. For asbestos pipes, exemption was not established, but the duty had to be re-quantified after allowing cum duty price benefit and Modvat credit. Confiscation and redemption fine were unsustainable where production and stock records were maintained and no clandestine removal was proved, and the personal penalties were reduced accordingly. Case-Laws Central Excise Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392808