https://www.taxtmi.com/caselaws?id=371020 The Tribunal ruled in favor of the appellant, a manufacturer of BOPP films, allowing them to avail Modvat credit on Polypropylene Granules used to manufacture reprocessing granules out of waste and scrap of plastics. The Tribunal determined that the reprocessing granules were a by-product, not a manufactured product, and upheld the appellant's right to claim Modvat credit on inputs contained in the waste and scrap. The decision emphasized the distinction between waste and scrap as a by-product and a final product, ultimately setting aside the Revenue's claim of irregular Modvat credit availing. en-us Thu, 14 Jun 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371020 The Tribunal ruled in favor of the appellant, a manufacturer of BOPP films, allowing them to avail Modvat credit on Polypropylene Granules used to manufacture reprocessing granules out of waste and scrap of plastics. The Tribunal determined that the reprocessing granules were a by-product, not a manufactured product, and upheld the appellant's right to claim Modvat credit on inputs contained in the waste and scrap. The decision emphasized the distinction between waste and scrap as a by-product and a final product, ultimately setting aside the Revenue's claim of irregular Modvat credit availing. Case-Laws Central Excise Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371020