https://www.taxtmi.com/caselaws?id=91101 Rule 57D(1) protected Modvat credit on inputs contained in waste, refuse or by-product arising during manufacture, so credit was not required to be reversed for waste cleared as waste. The same protection also covered recycled granules to the extent they were taken back into the manufacturing stream and reused in making BOPP films, because no separate credit reversal arose on that re-use. However, recycled granules cleared as exempted goods under Notification No. 53/88 were treated as a separate product outside Rule 57D(1), so the credit relatable to inputs contained in those granules had to be reversed. en-us Tue, 16 Sep 1997 00:00:00 +0530 Thu, 13 Oct 2011 17:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91101 Rule 57D(1) protected Modvat credit on inputs contained in waste, refuse or by-product arising during manufacture, so credit was not required to be reversed for waste cleared as waste. The same protection also covered recycled granules to the extent they were taken back into the manufacturing stream and reused in making BOPP films, because no separate credit reversal arose on that re-use. However, recycled granules cleared as exempted goods under Notification No. 53/88 were treated as a separate product outside Rule 57D(1), so the credit relatable to inputs contained in those granules had to be reversed. Case-Laws Central Excise Tue, 16 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91101