Modvat credit availability on cut tyres and tubes confirmed when classified as waste or scrap under the tariff heading. Defective cut tyres and cut tubes that are not usable and are disposed of as waste or scrap fall within the expression 'waste, parings and scrap' in the tariff note and are classifiable under the relevant tariff heading for waste; accordingly, Modvat credit of duty paid on inputs cannot be denied or varied on the ground that part of the input is contained in such waste or scrap under the Central Excise Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Modvat credit availability on cut tyres and tubes confirmed when classified as waste or scrap under the tariff heading.
Defective cut tyres and cut tubes that are not usable and are disposed of as waste or scrap fall within the expression "waste, parings and scrap" in the tariff note and are classifiable under the relevant tariff heading for waste; accordingly, Modvat credit of duty paid on inputs cannot be denied or varied on the ground that part of the input is contained in such waste or scrap under the Central Excise Rules.
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