https://www.taxtmi.com/caselaws?id=96499 Where Modvat credit had been taken on inputs, waste and scrap generated in processing was dutiable unless the relevant exemption notification was strictly satisfied. Aluminium waste and scrap qualified for exemption only up to 1-11-1987, and duty applied from 2-11-1987 after the notification was amended to require that no credit be taken on the inputs. For iron and steel waste and scrap, the exemption failed because credit had been availed on the inputs, so duty was payable. Non-filing of a classification list and clearance without duty supported the extended limitation period, and valuation was ordered on a cum-duty basis with penalty sustained. en-us Fri, 19 Nov 1999 00:00:00 +0530 Mon, 02 Jan 2012 17:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96499 Where Modvat credit had been taken on inputs, waste and scrap generated in processing was dutiable unless the relevant exemption notification was strictly satisfied. Aluminium waste and scrap qualified for exemption only up to 1-11-1987, and duty applied from 2-11-1987 after the notification was amended to require that no credit be taken on the inputs. For iron and steel waste and scrap, the exemption failed because credit had been availed on the inputs, so duty was payable. Non-filing of a classification list and clearance without duty supported the extended limitation period, and valuation was ordered on a cum-duty basis with penalty sustained. Case-Laws Central Excise Fri, 19 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96499