2002 (6) TMI 219

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....ing received by them including CRNGO sheets in coils. The said steel coils after de-coiling is cut to requisite sheet length and thereafter used by the appellant for making 'stampings'. Certain portions of the sheets only get consumed in this process. The left over portion, after making the 'stamping' are sent out to their sister concern which is the subject matter of appeal in Appeal No. K/908/2000. They have discharged duties on such removals as it appears from the Show Cause Notice as the rates applicable to 'waste and scrap of iron and steel'. The show cause notice was issued requiring them to show cause why the differential duty on the inputs removed as waste and scrap by them after processing the steel sheets by 'stamping' and using t....

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....ch de-coiling sheets of required size are slit and after slitting they are taken for 'stamping', resulting in different shapes and sizes of the remainder portion of sheet. This position is not questioned by both sides. Therefore it can be safely concluded that the inputs, on which credit has been taken, had been processed and what is not to be further processed, as per the desire of the appellants, is being removed to their sister unit for further processing and used at that place or to the market, by declaring the various sizes on the sale invoices. Once the inputs on which credit has been taken and they are issued for processing, and processors have been undertaken on them, then the useful resultant products intermediate or final are take....