https://www.taxtmi.com/caselaws?id=108512 The Tribunal rejected the Revenue's application seeking rectification of a mistake in the Final Order related to the recovery of Modvat credit on inputs in reprocessed granules cleared at nil duty rate. The Tribunal held that Modvat credit cannot be denied for inputs in waste under Rule 57D, emphasizing that waste generated during manufacturing is exempt from duty payment. Despite initially accepting the Revenue's argument, the Tribunal ultimately ruled against Modvat credit reversal for inputs in reprocessed granules cleared at nil duty rate, leading to the rejection of the Revenue's rectification application. en-us Fri, 23 May 2003 00:00:00 +0530 Sat, 31 Mar 2012 18:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108512 The Tribunal rejected the Revenue's application seeking rectification of a mistake in the Final Order related to the recovery of Modvat credit on inputs in reprocessed granules cleared at nil duty rate. The Tribunal held that Modvat credit cannot be denied for inputs in waste under Rule 57D, emphasizing that waste generated during manufacturing is exempt from duty payment. Despite initially accepting the Revenue's argument, the Tribunal ultimately ruled against Modvat credit reversal for inputs in reprocessed granules cleared at nil duty rate, leading to the rejection of the Revenue's rectification application. Case-Laws Central Excise Fri, 23 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108512