https://www.taxtmi.com/caselaws?id=440305 Waste pickle liquor, arising as a waste product in the pickling process, was not a manufactured and independently marketable excisable good, so Rule 6 of the Excise Valuation Rules, 2000 could not be applied to its valuation. Credit notes received from the processor against the processor's separate sale of ferric oxide were not additional consideration flowing from the buyer to the assessee for the waste liquor cleared. As the proceeds related to a distinct post-clearance transaction and did not alter the character or assessability of the waste as cleared, the credit notes were not includible in the transaction value and no duty demand could be sustained on that basis. en-us Tue, 11 Jul 2023 00:00:00 +0530 Sat, 15 Jul 2023 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440305 Waste pickle liquor, arising as a waste product in the pickling process, was not a manufactured and independently marketable excisable good, so Rule 6 of the Excise Valuation Rules, 2000 could not be applied to its valuation. Credit notes received from the processor against the processor's separate sale of ferric oxide were not additional consideration flowing from the buyer to the assessee for the waste liquor cleared. As the proceeds related to a distinct post-clearance transaction and did not alter the character or assessability of the waste as cleared, the credit notes were not includible in the transaction value and no duty demand could be sustained on that basis. Case-Laws Central Excise Tue, 11 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440305