https://www.taxtmi.com/caselaws?id=49754 Relipulp powder made from cotton rags in an alkaline process was treated as cellulose pulp answering the description of Heading 47.01, because HSN notes for Chapter 47 covered pulp from waste textiles and even pulp in powder form; Chapter 39 applied only residually and was excluded on these facts. The Revenue's circular on acidic processing was not applicable, and the earlier cited precedent was distinguished. Interest on receivables was also excluded from assessable value, consistent with settled precedent that such interest is not includible in duty computation. The classification adopted below and the deduction of interest on receivables were therefore sustained, and the Revenue's challenge failed. en-us Tue, 25 Jan 2000 00:00:00 +0530 Tue, 17 Aug 2010 12:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49754 Relipulp powder made from cotton rags in an alkaline process was treated as cellulose pulp answering the description of Heading 47.01, because HSN notes for Chapter 47 covered pulp from waste textiles and even pulp in powder form; Chapter 39 applied only residually and was excluded on these facts. The Revenue's circular on acidic processing was not applicable, and the earlier cited precedent was distinguished. Interest on receivables was also excluded from assessable value, consistent with settled precedent that such interest is not includible in duty computation. The classification adopted below and the deduction of interest on receivables were therefore sustained, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 25 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49754