https://www.taxtmi.com/caselaws?id=105295 Modvat credit was admissible on defective ingots received by a re-rolling mill for re-rolling, because the unit could not melt scrap and the material was capable of direct use as input in its manufacturing process. The supplier's description of the goods as waste and scrap was not ative, since credit eligibility depended on the material's actual use and character in the recipient's operations. The stated ratio is that material capable of direct use as re-rolling input does not lose credit eligibility merely because it is labelled waste and scrap by the supplier. en-us Mon, 03 Sep 2001 00:00:00 +0530 Mon, 05 Mar 2012 11:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105295 Modvat credit was admissible on defective ingots received by a re-rolling mill for re-rolling, because the unit could not melt scrap and the material was capable of direct use as input in its manufacturing process. The supplier's description of the goods as waste and scrap was not ative, since credit eligibility depended on the material's actual use and character in the recipient's operations. The stated ratio is that material capable of direct use as re-rolling input does not lose credit eligibility merely because it is labelled waste and scrap by the supplier. Case-Laws Central Excise Mon, 03 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105295