https://www.taxtmi.com/caselaws?id=105548 Modvat credit under Rule 57H is treated as admissible where duty-paid inputs used to manufacture final products are covered by valid documents and the final products, though lying in stock on the Rule 57G declaration date, are later cleared on payment of duty. The note explains that waste and scrap were wrongly treated as inputs by the lower authority; on the stated facts, they were final products, and the assessee satisfied the conditions for credit. The order denying credit was therefore unsustainable, and the appeal was allowed in favour of the assessee. en-us Tue, 04 Dec 2001 00:00:00 +0530 Tue, 06 Mar 2012 11:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105548 Modvat credit under Rule 57H is treated as admissible where duty-paid inputs used to manufacture final products are covered by valid documents and the final products, though lying in stock on the Rule 57G declaration date, are later cleared on payment of duty. The note explains that waste and scrap were wrongly treated as inputs by the lower authority; on the stated facts, they were final products, and the assessee satisfied the conditions for credit. The order denying credit was therefore unsustainable, and the appeal was allowed in favour of the assessee. Case-Laws Central Excise Tue, 04 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105548