Yogi Rolling Mills, Khanna, it was found that they were claiming burning loss of 5% and 5.88% for their final products. On the basis ... superintended pertaining to the respondent was asked to furnish report on burning loss claimed by the respondents. As per report of Superintendent burning loss
scrap which is recovered and also 2 to 3 percent burning loss. Recoverable waste and scrap is sold on payment of Custom duty as required ... they are not paying any duty in respect of quantity of burning loss. The show cause notices were issued demanding custom duty on the quantum
account of low yield percentage and impractical rate of burning loss.
4. The brief facts of the case are that the assessee is a private ... against 4.12% shown in the
preceding assessment year. The burning loss was shown at 3.34% which is
much higher than that shown
reasons for shortage was that they had been showing less burning loss during the previous years from 2008-09 to 23.09.2011.
8. The Noticee ... Ingot 1129.088 + Runner & Riser 12.011 MT). Thus burning loss of 1463.849 MT has been reflected in the month of September, 2011 which comes
loss. The
manufacturing processes of the appellant involved several stages after melting of scrap where
there is loss of metal and therefore considering the burning ... absence of any evidence to prove claim of burning of wrong, I find burning loss claimed by
the appellant reasonable and within industry norms. Accordingly
stating that evidence was not
furnishing the substantial claim of burning loss. The learned
CIT erred in not considering the various decisions mentioned
and filed ... support of claim of deduction on account of
burning loss. The learned CIT erred in stating that, the
burning loss cannot be accepted without bringing
wise details of the wastage shown. He submitted that as against burning loss shown at 6.75 per cent of the assessment year under consideration ... Thus, the conclusion drawn by the authorities below that the burning loss shown was excessive as compared to earlier assessment year is not correct
been observed that these assessees are claiming 1% burning loss from the total processed material. It Page 2311 has been stated on oath ... Omega Rolling Mills Ltd. that about 90% of the burning loss (i.e. 0.9% of the processed material) is recoverable in the form of copper
discrepancies pointed out by the respondents and allowing 5% of burning loss, the respondents had explained the shortage to the tune ... accepted by the Commissioner (Appeals). The original authority has allowed 5% burning loss based on the opinion of Foundries Association , according to which the burning
same as that of last year. He also examined the burning loss as well as melting scrap and observed that they were consistently the same ... observations of the AO with regard to the G.P. rate, burning loss and melting scrap being consistently almost the same as in the past
