https://www.taxtmi.com/caselaws?id=86590 Waste and scrap of copper and aluminium generated during manufacture from duty-paid inputs remained eligible for exemption under the relevant notifications, even though Modvat credit had been taken on those inputs. Taking Modvat credit did not, by itself, alter the character of the inputs as duty paid for the purpose of nil-rate treatment, and the later amendment by Notification No. 246/87-C.E. was treated as prospective only, with no retrospective curative effect for the earlier period. On that basis, the waste and scrap qualified for exemption and the duty demand was set aside. en-us Mon, 17 Feb 1997 00:00:00 +0530 Thu, 25 Aug 2011 17:54:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86590 Waste and scrap of copper and aluminium generated during manufacture from duty-paid inputs remained eligible for exemption under the relevant notifications, even though Modvat credit had been taken on those inputs. Taking Modvat credit did not, by itself, alter the character of the inputs as duty paid for the purpose of nil-rate treatment, and the later amendment by Notification No. 246/87-C.E. was treated as prospective only, with no retrospective curative effect for the earlier period. On that basis, the waste and scrap qualified for exemption and the duty demand was set aside. Case-Laws Central Excise Mon, 17 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86590