Delton Cables Wins CESTAT Appeal Against Central Excise Duty Demand 10 days ago
Delton Cables Limited secured a victory at the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Chandigarh. The tribunal set aside a show cause notice demanding central excise duty of Rs. 4,97,113, along with interest and penalty. The ruling states that waste generated during the manufacturing process of insulated wires and cables is not considered manufactured goods under the Central Excise Act, 1944. Delton Cables is not required to reverse 10% of the value of exempted goods or pay duty on waste and scrap. The company informed the Bombay Stock Exchange about this development in compliance with SEBI regulations.
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