Excise duty not leviable on waste or rubbish thrown up in the course of manufacture

JSW Steel Ltd Vs Commissioner of Central Excise (CESTAT Mumbai) CESTAT Mumbai held that 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. Hence, sale of Ferric Oxide which emerged through chemical reaction of Waste Pickle Liquor is not liable to any duty. Facts- The issue involved herein is whether additional consideration received by the appellants in the form of credit notes from M/s. Indrox Global Pvt. Ltd. (IGPL) for sale of Ferric Oxide by IGPL, which emerged through chemical r...