https://www.taxtmi.com/caselaws?id=99220 Remnants arising from processing duty-paid M.S. sheets were treated as waste and scrap where they had no use except recovery of metal and there was no evidence of further use as inputs. The earlier Supreme Court ruling on off-cuts was distinguished because those cut pieces were reused in manufacturing, unlike the present remnants sold through a scrap dealer to ingot manufacturers for remelting. On that basis, the goods were considered classifiable as waste and scrap under Rule 57F(4), not as sheets requiring reversal of modvat credit, and the contrary duty demand and penalty were unsustainable. en-us Fri, 22 Sep 2000 00:00:00 +0530 Wed, 22 Feb 2012 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99220 Remnants arising from processing duty-paid M.S. sheets were treated as waste and scrap where they had no use except recovery of metal and there was no evidence of further use as inputs. The earlier Supreme Court ruling on off-cuts was distinguished because those cut pieces were reused in manufacturing, unlike the present remnants sold through a scrap dealer to ingot manufacturers for remelting. On that basis, the goods were considered classifiable as waste and scrap under Rule 57F(4), not as sheets requiring reversal of modvat credit, and the contrary duty demand and penalty were unsustainable. Case-Laws Central Excise Fri, 22 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99220