https://www.taxtmi.com/caselaws?id=80655 MODVAT credit on inputs used to manufacture cut tyres and tubes was admissible because the cut tyres and tubes were treated as waste and scrap, not as a separate finished excisable product. The reasoning was that defective or unusable goods arising in the course of manufacture do not constitute a distinct new article, so credit cannot be denied merely because part of the inputs remains embedded in the waste. Consistently with the relevant trade notice and Rule 57D(1), no recovery of the credit attributable to inputs contained in the waste was warranted. en-us Mon, 21 May 1990 00:00:00 +0530 Sat, 18 Jun 2011 12:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80655 MODVAT credit on inputs used to manufacture cut tyres and tubes was admissible because the cut tyres and tubes were treated as waste and scrap, not as a separate finished excisable product. The reasoning was that defective or unusable goods arising in the course of manufacture do not constitute a distinct new article, so credit cannot be denied merely because part of the inputs remains embedded in the waste. Consistently with the relevant trade notice and Rule 57D(1), no recovery of the credit attributable to inputs contained in the waste was warranted. Case-Laws Central Excise Mon, 21 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80655