https://www.taxtmi.com/caselaws?id=103620 Modvat credit on aluminium sheet coil used as foil-stock was treated as admissible for payment of duty on rolled and extruded products manufactured from waste and scrap generated during aluminium foil production. Waste and scrap arising in that process was covered by Rule 57D of the Modvat Rules, and the scrap was captively consumed after the necessary declaration. The objection that the final products had been declared against the scrap input rather than the original foil-stock input was held to be only a technical defect. Since both the waste and scrap and the rolled and extruded products were duly declared under the Modvat scheme, denial of credit on that ground was unsustainable. en-us Thu, 23 Aug 2001 00:00:00 +0530 Fri, 24 Feb 2012 10:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103620 Modvat credit on aluminium sheet coil used as foil-stock was treated as admissible for payment of duty on rolled and extruded products manufactured from waste and scrap generated during aluminium foil production. Waste and scrap arising in that process was covered by Rule 57D of the Modvat Rules, and the scrap was captively consumed after the necessary declaration. The objection that the final products had been declared against the scrap input rather than the original foil-stock input was held to be only a technical defect. Since both the waste and scrap and the rolled and extruded products were duly declared under the Modvat scheme, denial of credit on that ground was unsustainable. Case-Laws Central Excise Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103620