https://www.taxtmi.com/caselaws?id=113532 Modvat credit on duty-paid imported metal scrap could not be denied merely because the inputs were first sorted at a registered godown instead of being received first in the factory, where their receipt, accountal and use in manufacture were undisputed and the omission was only procedural. The Tribunal also held that unfit scrap cleared as waste and scrap at its proper market value did not require reversal of credit when the clearance was duly accounted for and duty was paid on the waste and scrap. The revenue appeal therefore failed and the order allowing credit was left undisturbed. en-us Fri, 04 Jun 2004 00:00:00 +0530 Sat, 05 May 2012 17:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113532 Modvat credit on duty-paid imported metal scrap could not be denied merely because the inputs were first sorted at a registered godown instead of being received first in the factory, where their receipt, accountal and use in manufacture were undisputed and the omission was only procedural. The Tribunal also held that unfit scrap cleared as waste and scrap at its proper market value did not require reversal of credit when the clearance was duly accounted for and duty was paid on the waste and scrap. The revenue appeal therefore failed and the order allowing credit was left undisturbed. Case-Laws Central Excise Fri, 04 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113532