No duty escapement in clearance of good by Job worker at value fixed by TISCO

Commr. of Central Excise Vs Indian Steel & Wire Products Ltd. (CESTAT Kolkata)

Appellant had entered into an agreement with TISCO for conversion of billets into wire rods for job of basis. After during the course of conversion, certain losses, such as burning losses occurred to the extent of 7%. Accordingly, appellants were required to return 90 tonnes of wire rods after conversion against every 100 tonnes of billets provided by TISCO. Whatsoever, waste arises during the course of conversion was also cleared by the appel

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