Dutiability of steel scrap: exemption applies even where input tax credit was availed, subject to notification conditions. Waste and scrap of steel falling under the relevant tariff classification are chargeable at a nil rate of excise duty under the notification's table, subject to fulfillment of the conditions specified in that notification, and such waste or scrap remains eligible for the exemption even where Modvat/input tax credit was availed on the iron or steel input from which it arose.
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.
Dutiability of steel scrap: exemption applies even where input tax credit was availed, subject to notification conditions.
Waste and scrap of steel falling under the relevant tariff classification are chargeable at a nil rate of excise duty under the notification's table, subject to fulfillment of the conditions specified in that notification, and such waste or scrap remains eligible for the exemption even where Modvat/input tax credit was availed on the iron or steel input from which it arose.
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