Excise Duty Not Applicable on Manufacturing Waste Without Marketability or Saleability; Demand Set Aside.

Valuation - Receipt of consideration for clearance of waste / rubbish - inclusion of additional consideration received by the appellants in the form of credit - It has neither any marketability nor saleability and therefore it’s not liable to any duty. Waste or rubbish, which is thrown up in the course of manufacture, cannot be said to be a produce of manufacture and cannot be said to be exigible to excise duty - Demand set aside - AT .....

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