https://www.taxtmi.com/caselaws?id=113284 Modvat credit attributable to inputs used in goods cleared at nil duty had to be reversed where the assessee's classification list treated spent sulphuric acid as a product and no rectification was sought. The registration certificate describing it as a by-product was insufficient to displace the departmental record, and the contrary plea was treated as an afterthought. As the assessee manufactured acid slurry and spent sulphuric acid as products and cleared the latter without proportionate reversal of credit, the conditions of Rule 57CC(1) were attracted. Reversal of 8% of the value of the nil-rated clearances was therefore required. en-us Wed, 14 Jan 2004 00:00:00 +0530 Fri, 04 May 2012 16:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113284 Modvat credit attributable to inputs used in goods cleared at nil duty had to be reversed where the assessee's classification list treated spent sulphuric acid as a product and no rectification was sought. The registration certificate describing it as a by-product was insufficient to displace the departmental record, and the contrary plea was treated as an afterthought. As the assessee manufactured acid slurry and spent sulphuric acid as products and cleared the latter without proportionate reversal of credit, the conditions of Rule 57CC(1) were attracted. Reversal of 8% of the value of the nil-rated clearances was therefore required. Case-Laws Central Excise Wed, 14 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113284