https://www.taxtmi.com/caselaws?id=108512 Rule 57D protected Modvat credit where part of the inputs ended up in waste arising during manufacture of the final product, because such credit could not be denied or varied merely on that basis. The waste here was exempt on clearance, and its later recycling into sub-standard granules cleared at nil duty did not require reversal of the credit attributable to the inputs contained in the waste. Rule 57F on clearance of waste did not displace the protection under Rule 57D. The Revenue's rectification application was rejected. 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 Rule 57D protected Modvat credit where part of the inputs ended up in waste arising during manufacture of the final product, because such credit could not be denied or varied merely on that basis. The waste here was exempt on clearance, and its later recycling into sub-standard granules cleared at nil duty did not require reversal of the credit attributable to the inputs contained in the waste. Rule 57F on clearance of waste did not displace the protection under Rule 57D. The Revenue's rectification application was rejected. Case-Laws Central Excise Fri, 23 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108512