https://www.taxtmi.com/caselaws?id=82200 Cut tyres and cut tubes cleared at nil duty were treated as waste, not manufactured products, for Modvat purposes. Their classification under sub-heading 4004.00 did not change their legal character, and Rule 57D applied to protect input credit. Modvat credit on inputs used in producing the cut tyres and tubes could not be denied merely because the goods were cleared without duty under an exemption notification. The assessee was therefore entitled to the credit, and the Revenue's objection failed. en-us Mon, 23 Oct 1989 00:00:00 +0530 Sat, 02 Jul 2011 16:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82200 Cut tyres and cut tubes cleared at nil duty were treated as waste, not manufactured products, for Modvat purposes. Their classification under sub-heading 4004.00 did not change their legal character, and Rule 57D applied to protect input credit. Modvat credit on inputs used in producing the cut tyres and tubes could not be denied merely because the goods were cleared without duty under an exemption notification. The assessee was therefore entitled to the credit, and the Revenue's objection failed. Case-Laws Central Excise Mon, 23 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82200