https://www.taxtmi.com/caselaws?id=77616 Modvat credit on inputs used in the manufacture of dutiable goods exported under bond could be adjusted against duty on waste generated during processing of inputs used for exempt final products, where the relevant rules permitted credit on inputs for dutiable goods to be used for duty payment on such waste. The assessee had satisfied the conditions for availing credit, and no rule was shown to prohibit use of the accumulated credit in these circumstances. The waste was therefore treated as duty payable by adjustment of the accumulated credit, and the issue was decided in favour of the assessee. en-us Mon, 26 Apr 2010 00:00:00 +0530 Tue, 28 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77616 Modvat credit on inputs used in the manufacture of dutiable goods exported under bond could be adjusted against duty on waste generated during processing of inputs used for exempt final products, where the relevant rules permitted credit on inputs for dutiable goods to be used for duty payment on such waste. The assessee had satisfied the conditions for availing credit, and no rule was shown to prohibit use of the accumulated credit in these circumstances. The waste was therefore treated as duty payable by adjustment of the accumulated credit, and the issue was decided in favour of the assessee. Case-Laws Central Excise Mon, 26 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77616