https://www.taxtmi.com/caselaws?id=86976 Waste and scrap generated during the manufacture of roller bearings from duty-paid seamless rings remained eligible for exemption under Notification No. 54/86-C.E. because the scrap arose in the course of processing inputs, not after emergence of the final product. The seamless rings were classified under tariff sub-heading 7308.90, which was not among the headings covered by the notification's restrictive condition. As a result, the bar on exemption where Modvat credit had been taken did not apply, and the denial of exemption was held unsustainable. en-us Thu, 15 May 1997 00:00:00 +0530 Mon, 29 Aug 2011 16:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86976 Waste and scrap generated during the manufacture of roller bearings from duty-paid seamless rings remained eligible for exemption under Notification No. 54/86-C.E. because the scrap arose in the course of processing inputs, not after emergence of the final product. The seamless rings were classified under tariff sub-heading 7308.90, which was not among the headings covered by the notification's restrictive condition. As a result, the bar on exemption where Modvat credit had been taken did not apply, and the denial of exemption was held unsustainable. Case-Laws Central Excise Thu, 15 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86976