https://www.taxtmi.com/caselaws?id=98379 Cast iron scrap processed into chips and small particles was not treated as inputs cleared as such; it was correctly characterised as waste and scrap arising during processing under Rule 57F(18), so the clearance did not attract Rule 57F(3). Credit taken on the original scrap also did not require reversal merely because moulding boxes made from it were used captively in manufacturing another dutiable final product. The intermediate captive use did not cause the credit to lapse, and no rule required the suggested duty-and-recredit procedure. The assessee's treatment was upheld on both issues. en-us Thu, 02 Nov 2000 00:00:00 +0530 Fri, 20 Jan 2012 13:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98379 Cast iron scrap processed into chips and small particles was not treated as inputs cleared as such; it was correctly characterised as waste and scrap arising during processing under Rule 57F(18), so the clearance did not attract Rule 57F(3). Credit taken on the original scrap also did not require reversal merely because moulding boxes made from it were used captively in manufacturing another dutiable final product. The intermediate captive use did not cause the credit to lapse, and no rule required the suggested duty-and-recredit procedure. The assessee's treatment was upheld on both issues. Case-Laws Central Excise Thu, 02 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98379