https://www.taxtmi.com/caselaws?id=50498 Exemption under Notification No. 38/93-C.E. for asbestos cement pipes and couplings turned on whether fly ash content was to be calculated with water content included. The relevant measure was the dry finished goods at the time of clearance from the factory, because goods under curing or containing water were not the cleared product. Water absorbed during manufacture could not be treated as part of the finished goods for testing the 25% fly ash threshold. On that basis, the statutory records showed compliance with the requirement, and the demand and penalty were unsustainable. en-us Mon, 21 May 2001 00:00:00 +0530 Mon, 23 Aug 2010 10:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50498 Exemption under Notification No. 38/93-C.E. for asbestos cement pipes and couplings turned on whether fly ash content was to be calculated with water content included. The relevant measure was the dry finished goods at the time of clearance from the factory, because goods under curing or containing water were not the cleared product. Water absorbed during manufacture could not be treated as part of the finished goods for testing the 25% fly ash threshold. On that basis, the statutory records showed compliance with the requirement, and the demand and penalty were unsustainable. Case-Laws Central Excise Mon, 21 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50498