https://www.taxtmi.com/caselaws?id=50476 Soapy water or waste with less than 5% fatty matter arising in vegetable oil manufacture could not be equated with soap stock, because soap stock under the relevant standard required at least 20% total fatty matter. The record showed that soap stock could emerge only after a further alternate process, and there was no evidence that the entire quantity of soapy water was marketable as such. The valuation based on an invoice for soap stock containing 33.16% fatty matter was therefore inapposite. On that footing, the material was not liable to duty as soap stock, and the proposed demand, penalty and interest were unsustainable. en-us Thu, 15 Mar 2001 00:00:00 +0530 Mon, 23 Aug 2010 10:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50476 Soapy water or waste with less than 5% fatty matter arising in vegetable oil manufacture could not be equated with soap stock, because soap stock under the relevant standard required at least 20% total fatty matter. The record showed that soap stock could emerge only after a further alternate process, and there was no evidence that the entire quantity of soapy water was marketable as such. The valuation based on an invoice for soap stock containing 33.16% fatty matter was therefore inapposite. On that footing, the material was not liable to duty as soap stock, and the proposed demand, penalty and interest were unsustainable. Case-Laws Central Excise Thu, 15 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50476