2015 (11) TMI 1733

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..... ourt in the case of UOI v. Indian Aluminium Co. Ltd., [1995 (4) TMI 62 - SUPREME COURT OF INDIA], held that certain quantity of raw material may be lost during the process of manufacturing of final product and exact mathematical equation between the quantity of raw material purchased and the raw material found in the finished product is not possible and should not be looked for - appeal dismissed .....

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..... 2. Heard both sides and perused the records. 3. I find that the respondent claimed 2.5% losses. Revenue, in their grounds of appeal stated that the plea taken by the respondent is after thought. I find that the Commissioner (Appeals) observed that the Department allowed the loss of input in respect of burning loss during the drawing process of copper rod into copper wire at the job wor .....

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