https://www.taxtmi.com/caselaws?id=85309 Waste and scrap arising during manufacture, when cleared for recycling and reconversion through a job worker, were analysed under the Modvat scheme as to whether they could be treated as inputs under Rule 57F(2) or whether Rule 57F(4) alone applied. The Bench reasoned that the scheme was a self-contained code and that once material had acquired the character of waste, its proposed recycling did not change that character for Rule 57F(2) purposes. It therefore treated such waste and scrap as falling, in principle, within Rule 57F(4), while noting a conflict with an earlier Bench view and directing the matter to be placed before the President for constitution of a Larger Bench. en-us Mon, 08 Apr 1996 00:00:00 +0530 Thu, 04 Aug 2011 11:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85309 Waste and scrap arising during manufacture, when cleared for recycling and reconversion through a job worker, were analysed under the Modvat scheme as to whether they could be treated as inputs under Rule 57F(2) or whether Rule 57F(4) alone applied. The Bench reasoned that the scheme was a self-contained code and that once material had acquired the character of waste, its proposed recycling did not change that character for Rule 57F(2) purposes. It therefore treated such waste and scrap as falling, in principle, within Rule 57F(4), while noting a conflict with an earlier Bench view and directing the matter to be placed before the President for constitution of a Larger Bench. Case-Laws Central Excise Mon, 08 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85309