2011 (1) TMI 438

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....endra Kumar, Jt. CDR, for the Respondent. [Order per : P. Karthikeyan, Member (T)]. - The impugned order sustained demand of Rs. 1,25,87,845/- raised against the appellant, M/s. Cochin Shipyard Ltd. The assessee imports steel and manufactures ships following provisions allowing inbond manufacture. In the process of manufacture of ships scrap is generated. The assessee cleared scrap from the ....

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....adopted. It is argued that when waste/refuse was cleared for home consumption, the form in which the goods are cleared is relevant for valuation. The adjudicating authority had wrongly held that the assessee was liable to pay duty equal to import duty payable on the steel contained in the scrap. 2. The learned Counsel reiterated the grounds taken in the appeal. 3. The learned Jt. C....

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....ble in relation to any warehoused goods under sub-section (1), there is any waste or refuse, the following provisions shall apply : - (a)     if the whole or any part of the goods resulting from such operations are exported, import duty shall be remitted on the quantity of the warehoused goods contained in so much of the waste or refuse as has arisen from the operations carr....