2008 (2) TMI 150

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..... the quantity shown as waste and scrap is nothing but the quantity of rejected finished goods – demand & penalty on basis of assumption and presumption not sustainable – assessee’s appeal allowed - E/1212/2007 - A/240/2008-WZB/C-III/(SMB), - Dated:- 1-2-2008 - Ms. Jyoti Balasundaram, Vice-President [Order per]- Duty demand of Rs. 2,20,761/- and penalty of equal amount has been confirmed a .....

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..... was actually finished goods rejected by M/s. IPCL was challenged by the assessee right from the stage of reply to the show cause notice. The assessee also contended that although M/s. IPCL had rejected certain quantity of polythene bags, the rejection was due to some defects which were of minor nature and which can be rectified and were actually rectified and subsequently bags were returned to M/ .....

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