https://www.taxtmi.com/caselaws?id=88083 Rule 57F(4)(ii) and Rule 57F(5)(a) of the Central Excise Rules, 1944 were read to permit Modvat credit taken on inputs to be used for payment of duty on waste and scrap arising during manufacture. The provision was not confined to inputs used in a declared final product cleared on duty; it extended to any inputs on which credit had been validly taken where waste emerged in the manufacturing process. Accordingly, accumulated credit could be adjusted against duty on scrap and waste, and a contrary denial of credit was not sustainable. en-us Mon, 15 Dec 1997 00:00:00 +0530 Wed, 14 Sep 2011 18:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88083 Rule 57F(4)(ii) and Rule 57F(5)(a) of the Central Excise Rules, 1944 were read to permit Modvat credit taken on inputs to be used for payment of duty on waste and scrap arising during manufacture. The provision was not confined to inputs used in a declared final product cleared on duty; it extended to any inputs on which credit had been validly taken where waste emerged in the manufacturing process. Accordingly, accumulated credit could be adjusted against duty on scrap and waste, and a contrary denial of credit was not sustainable. Case-Laws Central Excise Mon, 15 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88083