Exemption condition for waste and scrap of metals requires no input credit or equivalent credit debited back to qualify. The exemption for waste and scrap of metals applies only if either no credit has been taken on the input from which such scrap has been generated under Rule 57A of the Central Excise Rules, 1944, or an amount equivalent to the credit taken, if any, has been debited back in the RG23A account or the current account maintained by the assessee.
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.
Exemption condition for waste and scrap of metals requires no input credit or equivalent credit debited back to qualify.
The exemption for waste and scrap of metals applies only if either no credit has been taken on the input from which such scrap has been generated under Rule 57A of the Central Excise Rules, 1944, or an amount equivalent to the credit taken, if any, has been debited back in the RG23A account or the current account maintained by the assessee.
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