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2001 (6) TMI 596

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..... pondent. [Order]. The application is for waiver of deposit of duty of Rs. 56,202/- and a penalty of Rs. 5000/-. 2. The applicant receives crude glycerine from its manufacturer for refining and return. Part of the crude glycerine consists of insoluble salt, which settles at the bottom of the tanker trucks in which it is transported from the premises of its manufacturer to the applicant .....

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..... ow that this salt is in fact disposed of as such waste, refuse or by product, and is not used in the manufacture of any other product. 4. Accordingly, I direct deposit of the entire duty demanded by reversal in the Modvat account of the applicant. Compliance to be shown within a month from today, thereupon I waive deposit of the penalty and stay its recovery. 5. Compliance on 15-6-2001. - - .....

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