https://www.taxtmi.com/circulars?id=7736 The statutory amendment expanded excisable goods to include articles, materials or substances arising during manufacture that are capable of being bought and sold; accordingly marketable waste such as bagasse and aluminium/zinc dross are excisable and liable to duty recovery for the post amendment period. Where such products are nil rated or exempt and Cenvat credit has been taken on inputs used for both dutiable and exempt production, the assessee must reverse proportionate credit or pay the alternate prescribed amount. Pre amendment cases remain pending departmental appeal. en-us Wed, 28 Oct 2009 00:00:00 +0530 Wed, 28 Oct 2009 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7736 The statutory amendment expanded excisable goods to include articles, materials or substances arising during manufacture that are capable of being bought and sold; accordingly marketable waste such as bagasse and aluminium/zinc dross are excisable and liable to duty recovery for the post amendment period. Where such products are nil rated or exempt and Cenvat credit has been taken on inputs used for both dutiable and exempt production, the assessee must reverse proportionate credit or pay the alternate prescribed amount. Pre amendment cases remain pending departmental appeal. Circulars Central Excise Wed, 28 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7736