https://www.taxtmi.com/caselaws?id=87015 Modvat credit taken on inputs was considered usable, on a prima facie basis, against duty on waste and scrap generated during manufacture, where only part of the credit had been used for exported goods. The Modvat scheme had to be read as a whole, including Rule 57A and Rule 57F, and the proviso to Rule 57F(4) did not appear to govern waste generated in the manufacturing process. The absence of mala fides also supported interim protection, so waiver of pre-deposit and stay of recovery were granted subject to a personal bond being furnished within the stipulated time. en-us Thu, 05 Jun 1997 00:00:00 +0530 Mon, 29 Aug 2011 18:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87015 Modvat credit taken on inputs was considered usable, on a prima facie basis, against duty on waste and scrap generated during manufacture, where only part of the credit had been used for exported goods. The Modvat scheme had to be read as a whole, including Rule 57A and Rule 57F, and the proviso to Rule 57F(4) did not appear to govern waste generated in the manufacturing process. The absence of mala fides also supported interim protection, so waiver of pre-deposit and stay of recovery were granted subject to a personal bond being furnished within the stipulated time. Case-Laws Central Excise Thu, 05 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87015