https://www.taxtmi.com/caselaws?id=54735 Iron scrap recovered from a slag dump yard was treated as excisable goods because it was found to be iron scrap arising in the course of manufacture and fitting the statutory definition of scrap under Section XV; classification under Chapter 72 was upheld, not as slag waste under Chapter 26. Non-filing of price and sales-pattern declarations was treated as wilful suppression and misdeclaration, so the extended limitation period and penalties were held applicable. On valuation, the tender price was found not to reflect the correct assessable value because of in-factory facilities provided without separate charge, and the comparable-goods method was rejected. The matter was remanded for redetermination under the correct valuation rule. en-us Fri, 04 Mar 2005 00:00:00 +0530 Thu, 21 Oct 2010 17:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54735 Iron scrap recovered from a slag dump yard was treated as excisable goods because it was found to be iron scrap arising in the course of manufacture and fitting the statutory definition of scrap under Section XV; classification under Chapter 72 was upheld, not as slag waste under Chapter 26. Non-filing of price and sales-pattern declarations was treated as wilful suppression and misdeclaration, so the extended limitation period and penalties were held applicable. On valuation, the tender price was found not to reflect the correct assessable value because of in-factory facilities provided without separate charge, and the comparable-goods method was rejected. The matter was remanded for redetermination under the correct valuation rule. Case-Laws Central Excise Fri, 04 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54735