https://www.taxtmi.com/caselaws?id=53882 Excise duty on metal waste arising during conversion of black bar into bright bar was held not to be attracted merely because the waste could fetch some market value. Waste generated during grinding and lying unsaleable within the factory was treated as processing loss, and exact mathematical correlation between raw materials and finished goods was not required. On that basis, the duty demand was found unjustifiable and the appeal was allowed. en-us Fri, 25 Feb 2005 00:00:00 +0530 Fri, 15 Oct 2010 16:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53882 Excise duty on metal waste arising during conversion of black bar into bright bar was held not to be attracted merely because the waste could fetch some market value. Waste generated during grinding and lying unsaleable within the factory was treated as processing loss, and exact mathematical correlation between raw materials and finished goods was not required. On that basis, the duty demand was found unjustifiable and the appeal was allowed. Case-Laws Central Excise Fri, 25 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53882