https://www.taxtmi.com/caselaws?id=51877 Waste sugar and waste paper generated during manufacture and sold in the market were treated as excisable, with waste sugar classified under Heading 1701.90 and waste paper under sub-heading 4702.90, because marketability was established by sale. Used gravura printing cylinders sold as waste and scrap were also held liable to duty under the Modvat withdrawal provisions applicable to capital goods. On penalties, simultaneous imposition under Section 11AC and Rule 9(1) was considered impermissible, and the penalty was reduced as excessive on the facts. en-us Tue, 22 Apr 2003 00:00:00 +0530 Wed, 29 Sep 2010 10:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51877 Waste sugar and waste paper generated during manufacture and sold in the market were treated as excisable, with waste sugar classified under Heading 1701.90 and waste paper under sub-heading 4702.90, because marketability was established by sale. Used gravura printing cylinders sold as waste and scrap were also held liable to duty under the Modvat withdrawal provisions applicable to capital goods. On penalties, simultaneous imposition under Section 11AC and Rule 9(1) was considered impermissible, and the penalty was reduced as excessive on the facts. Case-Laws Central Excise Tue, 22 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51877