https://www.taxtmi.com/caselaws?id=80388 The Appellate Tribunal CEGAT, Madras, ruled on the interpretation of Rule 56-A of the Central Excise Rules, 1944, concerning proforma credit for inputs in defective products. It held that defective cut tubes and tires should be considered as goods eligible for proforma credit, rejecting the Collector of Central Excise, Bangalore's argument that they were waste material. The Tribunal also clarified that cut tubes and tires were marketable goods, not waste exempted from duty. It emphasized that defective products arising during manufacturing should be treated as waste eligible for credit under Rule 56-A. The Tribunal upheld the lower appellate authority's decision, dismissing the Revenue's appeal. en-us Thu, 16 Nov 1989 00:00:00 +0530 Thu, 16 Jun 2011 15:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80388 The Appellate Tribunal CEGAT, Madras, ruled on the interpretation of Rule 56-A of the Central Excise Rules, 1944, concerning proforma credit for inputs in defective products. It held that defective cut tubes and tires should be considered as goods eligible for proforma credit, rejecting the Collector of Central Excise, Bangalore's argument that they were waste material. The Tribunal also clarified that cut tubes and tires were marketable goods, not waste exempted from duty. It emphasized that defective products arising during manufacturing should be treated as waste eligible for credit under Rule 56-A. The Tribunal upheld the lower appellate authority's decision, dismissing the Revenue's appeal. Case-Laws Central Excise Thu, 16 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80388