https://www.taxtmi.com/caselaws?id=90525 Duty on waste arising during machining of forgings was found not payable where the work was carried out under Rule 57F(2) and the supplier had debited the Modvat credit relatable to that waste. The governing principle applied was that valid reversal or debit of the credit satisfies the exemption requirement, so duty cannot be demanded again on the same waste. On that basis, the duty demand was held unsustainable, the assessee succeeded, and consequential relief followed. en-us Fri, 17 Jul 1998 00:00:00 +0530 Sat, 08 Oct 2011 11:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90525 Duty on waste arising during machining of forgings was found not payable where the work was carried out under Rule 57F(2) and the supplier had debited the Modvat credit relatable to that waste. The governing principle applied was that valid reversal or debit of the credit satisfies the exemption requirement, so duty cannot be demanded again on the same waste. On that basis, the duty demand was held unsustainable, the assessee succeeded, and consequential relief followed. Case-Laws Central Excise Fri, 17 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90525