https://www.taxtmi.com/caselaws?id=114333 Waste and scrap cleared on payment of duty were treated as final products for Modvat purposes under the applicable credit rule, following the Board circular dated 29-8-2000. On that basis, credit taken on inputs used in producing such waste and scrap could not be disallowed merely because the goods were waste and scrap. The contrary view adopted in the orders below was unsustainable, and the disallowance of Modvat credit was held not to stand. en-us Tue, 29 Jun 2004 00:00:00 +0530 Mon, 14 May 2012 17:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114333 Waste and scrap cleared on payment of duty were treated as final products for Modvat purposes under the applicable credit rule, following the Board circular dated 29-8-2000. On that basis, credit taken on inputs used in producing such waste and scrap could not be disallowed merely because the goods were waste and scrap. The contrary view adopted in the orders below was unsustainable, and the disallowance of Modvat credit was held not to stand. Case-Laws Central Excise Tue, 29 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114333