https://www.taxtmi.com/caselaws?id=105439 Modvat credit taken on empty drums and cans used for receipt of inputs was not required to be reversed merely because those drums and cans were not themselves liable to duty. The Tribunal followed its prior decisions that such drums and cans are neither inputs in their own right nor waste arising in processing of inputs, and noted that no stay had been granted by the Supreme Court against that line of authority. On that basis, the existing precedent was applied and reversal of Modvat credit was held unwarranted. en-us Wed, 07 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:42:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105439 Modvat credit taken on empty drums and cans used for receipt of inputs was not required to be reversed merely because those drums and cans were not themselves liable to duty. The Tribunal followed its prior decisions that such drums and cans are neither inputs in their own right nor waste arising in processing of inputs, and noted that no stay had been granted by the Supreme Court against that line of authority. On that basis, the existing precedent was applied and reversal of Modvat credit was held unwarranted. Case-Laws Central Excise Wed, 07 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105439