https://www.taxtmi.com/caselaws?id=85194 Modvat credit on duty-paid PVC compound was not required to be reversed when plastic waste and scrap arising during manufacture were cleared without duty under Notification No. 53/88. The exemption applied to waste and scrap of plastics arising from goods under Chapter 39 on which duty had been paid, and the notification contained no condition denying exemption because credit had been taken on inputs. Rule 57D supported this position by providing that credit need not be varied merely because waste, scrap, or intermediate products were exempt, and Rule 57F did not prevent utilisation of the credit in relation to the final products. Clearance of the exempt scrap without duty was therefore permissible. en-us Fri, 15 Dec 1995 00:00:00 +0530 Wed, 03 Aug 2011 13:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85194 Modvat credit on duty-paid PVC compound was not required to be reversed when plastic waste and scrap arising during manufacture were cleared without duty under Notification No. 53/88. The exemption applied to waste and scrap of plastics arising from goods under Chapter 39 on which duty had been paid, and the notification contained no condition denying exemption because credit had been taken on inputs. Rule 57D supported this position by providing that credit need not be varied merely because waste, scrap, or intermediate products were exempt, and Rule 57F did not prevent utilisation of the credit in relation to the final products. Clearance of the exempt scrap without duty was therefore permissible. Case-Laws Central Excise Fri, 15 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85194