Scrap
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.... produced in cutting up or casting-scrap iron". According to Webster's Third New International Dictionary, Scrap means "small pieces, cuttings, or chips of stock removed in the process of making any product; manufactured articles or parts rejected for imperfection or discarded because of excessive wear or lack of demand and useful only as raw material for reprocessing (metal scrap....
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.... (20) E.L.T. 222 (S.C.) (AIR 1985 S.C. 1211) (1985 ECR 2571 S.C.) thus :- "......As stated above, damaged goods of brass, which are compendiously called 'brass scrap', can come into existence during the process of manufacturing brass articles and such brass scrap has an established market in India..." On the source of scrap and its utilisation in manufacture, the counter affid....