https://www.taxtmi.com/caselaws?id=40700 Exemption under Notification No. 206/63, as amended, was interpreted to extend to mild steel rounds and rods made from duty-paid mild steel ingots where the ingots were cut or broken before rolling. The decisive condition was that the ingots were not rolled in their original form; the place at which cutting or breaking occurred was immaterial if that condition was satisfied. On that construction, iron and steel products falling within Item 26AA(ia) could qualify for the exemption when duty-paid ingots were treated as scrap and re-rolled into the specified products, and the demand and penalty were held unsustainable. en-us Thu, 09 Aug 1979 00:00:00 +0530 Mon, 04 Aug 2014 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40700 Exemption under Notification No. 206/63, as amended, was interpreted to extend to mild steel rounds and rods made from duty-paid mild steel ingots where the ingots were cut or broken before rolling. The decisive condition was that the ingots were not rolled in their original form; the place at which cutting or breaking occurred was immaterial if that condition was satisfied. On that construction, iron and steel products falling within Item 26AA(ia) could qualify for the exemption when duty-paid ingots were treated as scrap and re-rolled into the specified products, and the demand and penalty were held unsustainable. Case-Laws Central Excise Thu, 09 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40700