2013 (2) TMI 489

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....Shri V.K. Agarwal, Additional Commissioner (AR) Per: S S Kang: Heard both sides. 2. The applicant filed this application for waiver of pre-deposit of duty, interest and penalty. The applicant is engaged in the manufacture of sugar and molasses and the applicant was availing credit in respect of the inputs and input service used in or in relation to the manufacture of final products. The a....

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.... be noted that crushing of sugarcane is necessary to extract cane sugar juice which in turn is processed for production of sugar and molasses. Bagasse is the waste product left after the crushing of sugarcane, Therefore, by no stretch of imagination it can be said that the assessee possibly could have maintained separate account for the inputs for production of sugar and molasses (excisable item) ....