https://www.taxtmi.com/caselaws?id=115943 Modvat credit was held inadmissible on duty paid plastic granules contained in reusable scrap generated while the assessee was under small scale exemption, because the scrap itself was exempt from duty. The analysis treated the cited authorities on exempt intermediate goods and waste and scrap as distinguishable. Since the reusable scrap arose during the exemption period, the granules embedded in that scrap could not be treated as inputs used in the manufacture of final products after the assessee moved into the duty-paying sector. The denial of credit was therefore upheld against the assessee. en-us Wed, 23 Feb 2005 00:00:00 +0530 Tue, 05 Jun 2012 18:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115943 Modvat credit was held inadmissible on duty paid plastic granules contained in reusable scrap generated while the assessee was under small scale exemption, because the scrap itself was exempt from duty. The analysis treated the cited authorities on exempt intermediate goods and waste and scrap as distinguishable. Since the reusable scrap arose during the exemption period, the granules embedded in that scrap could not be treated as inputs used in the manufacture of final products after the assessee moved into the duty-paying sector. The denial of credit was therefore upheld against the assessee. Case-Laws Central Excise Wed, 23 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115943