2005 (2) TMI 250

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Full Text of the Document

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.... about Rs. 95,000/-. The ground taken is that certain quantity of metal is wasted in the process of converting black bar into bright bar. 2. The contention of the Chartered Accountant appearing for the appellants is that this waste has arisen during the grinding and is not saleable and the waste was also lying in the factory premises itself. He points out that it is settled law by the Hon'ble S....